Category Archives: Uncategorized

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”

Could the high levels of mortgages that Sittingbourne people take out cause another property crash? Many Sittingbourne homeowners and landlords have been contacting me recently and asking what will happen to the Sittingbourne (and the UK) property market? More specifically, will we have a repeat of the 2008/9 Credit Crunch property crash? High mortgage paymentsContinue reading “70.7% of Sittingbourne Properties Were Bought With a Mortgage in the Last Ten Years”

79 of the 203 properties on the market in the Faversham area have had a price reduction in the last 3 months. The average reduction has been 5.1% of the original asking price. This is great news for Faversham home buyers and Faversham buy-to-let landlords, strangely Faversham house sellers as well. The last couple ofContinue reading “38.9% of Faversham Property Sellers Reduce Their Asking Prices as the Property Market Equilibrium Starts to Return”

The Sittingbourne property market is on the verge of a ‘tipping point’. The rate of house price growth has started to ease with a reduction in the number of properties that will sell in Sittingbourne in the coming 12 to 18 months. Yet, rising interest rates and the cost-of-living issues won’t knock everybody out ofContinue reading “The Shifting Sittingbourne Property Market”

Inflation (and recessions) can be nerve racking for people and their hard-earned savings and wealth. Yet there are six reasons which make investing in private rental properties a potentially wise investment in these changeable times. This article looks at how investing in Sittingbourne property could help you ‘hedge’ against inflation and protect your savings andContinue reading “The 6 Reasons Sittingbourne Rental Properties Could Inflation Proof Your Savings?”