Tuesday 19 August 2014

So where do we go from here? A view on the Aylesbury property market.

The question I get asked most frequently by landlords, friends and colleagues alike is “what’s the market doing?'
Often this question is asked idly as a conversation starter but most recently it is asked with earnest and the poser of the question really does want an answer and right now is probably the toughest time to answer the question for years!

We have seen massive rental income growth through the last couple of years, great for landlords. Sale prices have remained fairly steady with some sensible growth. But at the start of this year it has all changed.
Sale prices have increased substantially for both flats and houses. As yet there is no sign of the strong prices for sale falling back, there may yet be more room for prices to increase.

Rents however have eased off from the giddy heights recently achieved although strong prices on the right property are still not a problem.

So where does that leave you and me as investors/landlords?

I guess this depends on why you are buying property. If it is for capital growth the potential for this is much reduced until we see the next surge in prices.

When will that be? Well the current increases may continue so your guess is likely to be as good as mine, but there are new mortgage regulations creating a drag on the market reducing mortgage availability. There is an election looming next year and in my experience this usually holds prices back with a surge following the result.....if it is popular!

So there are likely to be good buys later in the year and at the beginning of next for those who have capital growth as their main concern.

However if monthly returns are your thing there are still good buys out there today.
So whatever your goal, as always, it pays to buy well and to buy the right product. Two bedroom houses still give you the best of both worlds...sensible capital growth prospects and a good monthly return on your investment.
If you are coming to the market to buy for the first time or have not bought in this area before please feel able to contact me.

01296 398555

ian@mortimersaylesbury.co.uk
Nala on best behaviour before arriving at her new home. Fluffy, adorable husky.








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