Homes and Property for Sale

publication date: Oct 28, 2011
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books

Homes and Property for Sale

Property Market in the UK v's Heights of 2007

Whatever is happening statistically month on month and year on year, it's important to be aware we are still a long way away from a housing market recovery versus the heights of 2007, apart from some areas in London. Prices remain at least 10% down versus pre credit crunch levels. More importantly the number of people moving is not increasing at all. In fact we are selling up to 60% less homes than pre credit crunch. Building of new homes also remains devastatingly low at just 100,000 homes a year when experts suggest that to accommodate newly formed households, we should be building over 250,000 homes.

The lack of moves and new home building means less money being spent in the economy and less invested in houses which are desperately needed for our growing population and household growth.

On a more positive note the private rental market is having a marked difference in this property recession versus 1990s. Many headlines suggest (unfairly in my view) that buy to let landlords are crowding out first time buyers. However, the reality is good buy to let landlords provide a real alternative to buying.

If you are a first time buyer, why would you purchase a property when you can typically rent what you want where you want? If something goes wrong such as the boiler or shower, someone else takes the brunt of sorting the problem out and paying for it! Not only is there little motivation for people to buy, due to increased legislation over the last 10 years, many rental properties are at a high standard versus homes owned (think of the huge number of new build city centre flats bought by investors).  In today's market you can buy a house which is a death trap, if you rent a home which is a death trap, as a landlord you are likely to be prosecuted and end up in jail!


Email for a one of our FREE Property Checklists.

Do you have a property question? GET AN INDEPENDENT ANSWER! ASK US via our PROPERTY FORUM, email or call 0845 838 1763.

Get a helping hand with our new First Time Buyer Service for just £19.99!

Property expert, Kate Faulkner, has joined forces with B&Q and other industry experts to offer a unique service, where you purchase a ‘property project pack’ that gives you:-

  • An A4 ‘how to’ guide (approx 80 pages), containing Dos and Don’ts, Factsheets, Checklists, Handy Tips and Forms
  • Access to Kate and her team, by phone and email, for any queries you might have during your project.

See the full list of Kate Faulkner's unique Property Services here!

Need help with a property problem? Have a question? Why not call Designs on Property on 07585 897128 or Contact Us via email.
Kate's Consumer Portal
FREE Buy to Let eBooks

Download a copy of our
Buy to Let Show eBooks
for FREEsimply click on
the image below

Buy to Let Show - download our Buy to Let eBook for FREE