Tuesday, 21 August 2018

Value of Aylesbury Property Market falls £1.2m


The combined value of Aylesbury’s housing market has fallen by £1,158,600 in the last 6 months, meaning the average value of an Aylesbury property has decreased in value by an average of £50.  

This is great news for Aylesbury first time buyers and Aylesbury buy to let landlords, as there is a slight hesitation in the market because of the uncertainty over Brexit. As I have always said, investing in Aylesbury property, be it for you to live in or as a buy to let investment, is a long-term game. In the grand scheme of things, this minor change over the last 5 or 10 years is nothing.

The RICS’s latest survey of its Chartered Surveyor members showed that nationally the number of properties actually selling has dropped for the 16th month in a row. Locally in Aylesbury, certain sectors of the market are matching that trend, yet others aren’t. It really depends which price band and type of property you are looking for, as to whether it’s a buyers or sellers market.

The RICS also said its member’s lettings data showed a lower number of rental properties coming on to the market. Anecdotal evidence suggests that (and this is born out in the recent English Housing Survey figures) Aylesbury tenants over the last few years are stopping in their rental properties longer, meaning less are coming onto the market for rent. I have noticed locally, that where the landlord has gone the extra mile in terms of decoration and standard of finish, this has certainly helped push rents up (although those properties where the landlord has been remiss with improvements and standard of finish are in fact seeing rents drop). Aylesbury tenants are getting pickier – but will pay top dollar for quality. So much so, I believe there will be a cumulative rise of around fourteen to sixteen per cent over the course of the next five years in private rents for the best properties on the market.

Back to the Aylesbury Property Values though …

This slight drop in Aylesbury property values doesn’t particularly concern me. The fact is that over the last 6 months 635 properties have sold for a combined value of £221,499,430. You see, that drop must be seen in perspective in that 6 months ago, the total value of Aylesbury property stood at £8,718,071,076 (£8.72bn), and today it stands at £8,716,912,476 (£8.72bn) .. this change is a drop in the ocean.

In the short term, say over the next six months and assuming nothing silly happens in Korea, the Middle East or Brexit negotiations, it will be more of the same until the end of the year. In the meantime, the on-going challenges ensuring we as a Country build more homes (although the Office of National Statistics figures released in July showed nationally the number of new homes started to be built over the second Quarter of 2018 had dropped dramatically) makes me think that Aylesbury (and Nationally) property value is likely to recommence an upward trajectory as we go into 2019.

One final thought for all the buy to let landlords in Aylesbury (and indirectly this does affect all you Aylesbury homeowners too). I do hope the recent tax changes towards buy to let landlords don’t bite as deep as it is possibly starting to with certain landlords I know.  We talked about this in an article a few weeks ago and I know why the Government wanted to change the balance by taxing landlords and providing a lift for first time buyers .. however, this may well come at the expense of higher rents for those Aylesbury tenants that don’t become first time buyers, as the appeal of buy to let potentially weakens.

14 comments:

  1. nice information thank you regards abdul
    mahindra vicino

    ReplyDelete

  2. Dubaiproperty.site is an online real estate advisor that functions on the fundamentals of trust, transparency and expertise. As a digital marketplace with an exhaustive range of property listings.
    Dubai Properties
    Property for sale in Dubai
    Dubai Houses
    Buy Property in Dubai
    Flat for sale in Dubai
    Apartments for sale in Dubai Marina
    Real Estate Companies in Dubai
    Dubai Hills Estate
    Buy Flats in Dubai

    ReplyDelete
  3. I have been searching for properties at Hadleigh Estate Agents they have amazing properties and I would highly recommend them. Check them out.

    ReplyDelete

  4. Do you need Personal Loan?
    Business Cash Loan?
    Unsecured Loan
    Fast and Simple Loan?
    Quick Application Process?
    Approvals within 24-72 Hours?
    No Hidden Fees Loan?
    Funding in less than 1 Week?
    Get unsecured working capital?
    Contact Us At :oceancashcapital@gmail.com
    Phone number :+16474864724 (Whatsapp Only)

    LOAN SERVICES AVAILABLE INCLUDE:
    ================================
    *Commercial Loans.
    *Personal Loans.
    *Business Loans.
    *Investments Loans.
    *Development Loans.
    *Acquisition Loans .
    *Construction loans.
    *Credit Card Clearance Loan
    *Debt Consolidation Loan
    *Business Loans And many More:

    LOAN APPLICATION FORM:
    =================
    Full Name:................
    Loan Amount Needed:.
    Purpose of loan:.......
    Loan Duration:..
    Gender:.............
    Marital status:....
    Location:..........
    Home Address:..
    City:............
    Country:......
    Phone:..........
    Mobile / Cell:....
    Occupation:......
    Monthly Income:....

    Contact Us At oceancashcapital@gmail.com
    Phone number :+16474864724 (Whatsapp Only)

    ReplyDelete
  5. buy luxurious properties in ratnagiri kokan ... Ratnagiri Properties
    Very well written.Loved the way you explain about your blog.Thank you for sharing the information

    ReplyDelete
  6. I really thank the author of this article, the article has great significance for me, it just leads me to do better things for this life. Very meaningful, thank you very much, wish you happy. tin đăng nhà chính chủ

    ReplyDelete
  7. I really thank the author of this article, the article has great significance for me, it just leads me to do better things for this life. Very meaningful, thank you very much, wish you happy. tin nhà đất chính chủ

    ReplyDelete
  8. This is such an informative blog, your opinion, observations and ideas are amazing and to the point. I would love to read more content like this, and I want to give one advice to you are looking for a best builders in bhopal then Sagar Green Hills is the ideal township for you.

    ReplyDelete
  9. This is a helpful blog for people who want to by real estate. If you want to get a commercial property then you will get the best option in here.

    ReplyDelete
  10. I am only commenting to make you be aware of what a fine encounter our girl undergone checking your web page. She realized lots of issues, including what it's like to have a wonderful helping character to have many people without problems learn about specific specialized issues. You truly surpassed my desires. Thank you for giving these priceless, safe, informative and as well as unique guidance on your topic to Jane.
    hospitality insurance broker

    ReplyDelete
  11. Lodha Quality Homes is residential project of Majiwada region located at Thane city with lavish 1, & 2 flats.

    ReplyDelete
  12. Thank you dear, I found your information really useful. I would like to say thanks once again for this information. Keep posting all the new information.
    cheap property in Islamabad

    ReplyDelete