Author Archives: swalepropertynews

Could the humble ‘granny annexe’ help solve the Sittingbourne housing crisis for mature homeowners? Most Sittingbourne homeowners born before 1960 have been in their homes for more than 25 years. Yet of all the properties sold in the UK since the first lockdown in the summer of 2020, 50% of those property owners had onlyContinue reading “Sittingbourne Property Market:“

Will Faversham buy-to-let continue to be profitable in the next few years? Being a Faversham landlord is undoubtedly a challenge. The glory years of making money from ‘any old property’ are certainly in the past. With increased legislation and taxation from Government and the cost-of-living crisis (which will result in some Faversham tenants struggling toContinue reading “Faversham Landlords:“

Doom and gloom in the British property market or clickbait doom-mongers? Newspapers and clickbait 24-7 news websites, desperate for clicks, are peddling a story of a doomsday time for the economy, particularly the property market, as interest rates and inflation create the perfect storm for the UK property market. So, let us look at whatContinue reading “Waiting for the Sittingbourne House Market to Crash will Cost you £39,416”

What will the stamp duty cuts and interest rate rises mean for Faversham homeowners and landlords? Last weekthe Bank of England increased interest rates to 2.25% and they are expected to be 3.25% by early next year. This increase will make the monthly mortgage payments more expensive for first-time buyers, an issue dubbed by someContinue reading “Faversham Property Market“

With the cost-of-living crisis beginning to hit, the 20 and 30-somethings of Faversham urgently need the help and support of the Government to help them get on the property ladder. For the last few weeks, we have listened to the debates and hustings of Liz and Rishi. Between them, they have told us how theyContinue reading “Why Aren’t Liz and Rishi Courting Faversham’s Generation Rent?“

“An apartment is over £100 grand and a flat under £100k”, said my friend. Joking aside, there is no difference, call it what you will, the humble apartment/flat has served Sittingbourne well over the years. The average sale price of an apartment in Sittingbourne in 2021 was £173,910, making it an excellent first-time buyer purchaseContinue reading “What’s the Difference Between a Flat and an Apartment in Sittingbourne?“

Sittingbourne property prices have increased by 22.4% over the last two years. Sittingbourne house prices have risen on the back of several things, including changes in how people see their homes and how they live and work (i.e. working from home), a lack of properties on the market and government tax incentives (the stamp dutyContinue reading “Will The Cost-of-Living Crisis Mark the End of the Booming Sittingbourne Property Market?“

The total value of homes owned by Baby Boomers in Faversham alone is £1,214,276,189 – and two-thirds of the Faversham Millennials are set to inherit all that in the next few decades! Could this be the answer to the housing crisis? Could Faversham Millennials live it up for the next few decades, safe in theContinue reading “Faversham’s Millennials to Inherit £1.2bn From Their Baby Boomer Parents“

“Tell me what is happening to the Sittingbourne property market”, asked the friend of a friend at a recent do I went to in Sittingbourne (after finding out I was an agent in Sittingbourne). I always reply, “It depends if you are buying, selling or both”. The Sittingbourne property market is like a seesaw. ForContinue reading “Sittingbourne Property Prices Have Risen by 455% Since 1995”

Even though the average value of a Faversham first-time buyer property has risen by 317.4% since 1989 to £326,560, the monthly payments Faversham first-time buyers must make on their mortgages as a proportion of their take-home pay is 42.9% less today compared to 1989. Today, according to the Nationwide Building Society… the average Faversham first-timeContinue reading “Faversham Starter Homes are 42.9% Cheaper Today Than in 1989”