Many people think the semi-detached boom started with mass swathes of the suburban mock Tudor bay-fronted semis being built between the first and second world wars. The fact is actually that rich landowners in the post Great Plague (1665+) years wished to house their farm labourers as inexpensively as possible, yet making their grand estates look as imposing as possible.
June 2021 was the busiest month ever for UK estate agents, home removal companies and conveyancers since monthly records began as HMRC logged 213,120 residential transactions in June, a jump of more than 216% nationally on the same month last year (when the housing market had just reopened after the initial lockdown).
I know of many Hounslow buy-to-let landlords who fell into property investing by accident. Many didn’t want to sell their family home when the Hounslow housing market crashed in the Credit Crunch of 2009/10, yet still needed to move (often for work). They thought they would keep their Hounslow family home in case they ever moved back to Hounslow. Yet by keeping it, it couldn’t remain empty (there was still a mortgage to pay on it), so they ended up renting their home out.
And that was the start of many Hounslow buy-to-let landlord’s journeys!
Investing in property has historically been a sound investment, yet alternative investments (like Cryptocurrency) have been gaining traction over the last five years. So, should we all ditch buying our own home and buy Bitcoin?
If an average Hounslow semi-detached house had risen by the price of building timber in the last 12 months, today it would be worth £1,035,075, not the current £529,256.
The Hounslow property market has been booming since late Spring 2020. Yet if history has taught us anything, a house price crash is likely to follow, or is it?
2021 is different to the previous two property crashes of 1990 and 2008.
Read the article to find out why it’s different and the easy indicator you, as a Grantham homeowner or Hounslow landlord can easily use to judge the Hounslow property market, so you don’t lose out