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”
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38.9% of Faversham Property Sellers Reduce Their Asking Prices as the Property Market Equilibrium Starts to Return
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 Shifting Sittingbourne Property Market
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”
The 6 Reasons Sittingbourne Rental Properties Could Inflation Proof Your Savings?
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?”
Has the Faversham Property Market Peaked?
Should you buy now or wait for the bargains? Many commentators believe we have seen the peak of the Faversham property market. So, should savvy bargain hunters wait for Faversham house prices to fall? Or could postponing your house buying for any anticipated Faversham house price drop be a costly mistake? Over the last twoContinue reading “Has the Faversham Property Market Peaked?“
Sittingbourne Property Market to Crash in 2022?
According to some newspapers and pundits, the property market boom could soon be over with the increasing interest rates and inflation. In this article, I share the 3 fundamental economic reasons why things are different to the last property market crash. The insider’s way to find out if there will be a property crash. …Continue reading “Sittingbourne Property Market to Crash in 2022?”
Faversham Rental Homes Nightmare
Faversham needs 78 additional private rented properties per year to keep up with current and future demand from Faversham tenants. Yet over the last 5 years, Faversham has lost 77 private rented homes. What are the 5 reasons the supply of private rental properties in Faversham are falling? What does this mean for tenants andContinue reading “Faversham Rental Homes Nightmare”
Sittingbourne Homeownership Rockets by1,043 Homes in the Last 5 Years
The Sittingbourne housing market over the last five years has behaved oddly. Sittingbourne house prices are 23.5% higher than in 2017, even though during those five years, the British economy had the uncertainty of Brexit and the massive fall in GDP during the pandemic. Yet, a less observed trend is that the net number ofContinue reading “Sittingbourne Homeownership Rockets by1,043 Homes in the Last 5 Years“
3,661 Faversham Terraced Houses, Why are they so popular?
The terraced house is one of the most familiar styles of home in Faversham (and the UK as a whole). 42.7% of Faversham people live in a terraced home, interesting when compared with the national average of 22.7%. So, what is it about the humble terraced/townhouse us Brits love so much? In this article, IContinue reading “3,661 Faversham Terraced Houses, Why are they so popular?”
91% Drop in Sittingbourne Council Houses in the Last 40 years
In 1981, 24.5% of properties in Sittingbourne (and the Swale District as a whole) were council houses. Today, that figure stands at 2.2%, a proportional drop of 91%. Why has the number of council houses dropped so much in those 40 years? How has that changed the dynamics of the Sittingbourne property market in thoseContinue reading “91% Drop in Sittingbourne Council Houses in the Last 40 years”
