- Joined
- Wednesday August 6, 2014
- Location
- South East
mr..bean said:house prices have hardly moved overall for 10 years now
Sorry, but certainly in my area this is totally incorrect. I have been in the property industry almost 10 years and in that time prices have changed rather alot!
In 2008 a 2 bedroom semi detached house could be had in the town I live in for 135/140k. Four weeks ago the exact same design house sold round the corner from me for 184k....that's a 30% rise in six years.
Property prices in this area are higher than ever. BTL landlords are making a good income at the moment for sure. Interest rates are lower than most will ever see in our lifetime again and rents are high. Add this to capital appreciation (again, in our area) and residential property is a good investment at the moment.
I do not argue the fact that buying a house isn't easy however. The average age of a first time buyer is 31 according to the last survey I read!