I was recently reading a report by Rightmove that a North South Divide has started to appear in the UK property market – so I wanted to see if Hounslow was falling in line with those thoughts. In the North, there are 7.12% less properties on the market than 12 months ago, whilst in contrast, in the South, there are 14.7% more properties on the market than 12 months ago.
The number of residential property transactions in Hounslow will be 5.9 per cent lower in 2018, compared to 2017.
Whether you are a Hounslow landlord looking to liquidate your buy to let investment or a homeowner looking to sell your home, finding a buyer and selling your property can take an annoyingly long time.
The combined value of Hounslow’s housing market has fallen by £68,824,960 in the last 6 months, meaning the average value of a Hounslow property has decreased in value by an average of £4,960.
This is great news for Hounslow first time buyers and Hounslow buy to let landlords,
Greater London has outperformed the Hounslow housing market by 15.41%…
…yet nationally, Hounslow has actually outperformed the country by 22.19%
Should you, as a landlord for buy to let or for personal occupation, buy a brand-new home?
Well, let’s start by looking at the numbers …
Over the last 10 years, 3,355 new homes have been built in the Hounslow borough
That is a lot of bricks and mortar!……
My analysis has shown that up to the end of the last quarter, Hounslow first time buyers purchased 105 Hounslow properties. With wages rising at 2.8%, unemployment at a low rate of 4.2% (down from 4.6% from a year earlier and the joint lowest since 1975), national GDP rising at 1.87% and inflation at 2.3%, tied in with indifferent house price growth (compared to a few years ago), this has given first time buyers a chance to get a foot hold on the Hounslow property market.
Over the last twenty years, there has been a shift in the way the Hounslow (and the UK’s) […]