17 news articles found. Viewing mode :

Sell to Rent - Is this the new Buy to Let 22 October 2018

It doesn"t seem two minutes ago that it was 32 degrees Celsius in the shade (90 degrees Fahrenheit for my older readers), hosepipe bans looked likely and it was simply too hot to sleep at night, yet early indications were, that as the temperatures soared, the Worthing property market appeared to be doing the reverse and was already starting to cool down.... Read More

How Would a Hard Brexit Affect Worthing House Prices? 15 October 2018

I have been asked a number of times recently what a hard Brexit would mean to the Worthing property market. To be frank, I have been holding off giving my thoughts, as I did not want to add fuel to the stories being banded around in the national press.... Read More

Worthing House Prices Vs Worthing Rents Since 2006 08 October 2018

The Worthing housing market is a fascinating beast and has been particularly interesting since the Credit Crunch of 2008/09 and subsequent property market crash. There is currently some talk of a ‘property bubble" nationally as Brexit seems to be the ‘go-to" excuse for every issue in the Country.... Read More

20% more properties on the market than 12 months ago 01 October 2018

I was recently reading a report by Rightmove that a North South Divide has started to appear in the UK property market – so I wanted to see if Worthing was falling in line with that. In the North, there are 7.12% less properties on the market than 12 months ago, whilst in contrast, in the South, there are 14.... Read More

Local House Prices Overcooked? 24 September 2018

As we leave the memorably hot summer behind us, some interesting statistics have come to light regarding the Worthing property market, which will be thought provoking for both homeowners and buy to let landlords alike. Over the last 12 months 1,687 homes have changed hands in Worthing, interesting when compared with the 10-year average of 2,099 households per year.... Read More

7 Reasons why Worthing buy to let landlords shouldn`t be criticised 17 September 2018

There is no escaping the fact that over the last couple of decades, the rise in the number buy to let properties in Worthing has been nothing short of extraordinary. Many in the "left leaning" press have spoken of a broken nation, the fact many youngsters are unable to buy their first home with the rise of a new cohort of younger renters, whom have been daubed ‘Generation Rent" as landlords hoover up all the properties for their buy to let property empires.... Read More

10.4% Drop in the Worthing Property Market 10 September 2018

The number of residential property transactions in Worthing will be 10.4 per cent lower in 2018, compared to 2017. According to my research, the seasonally adjusted statistics for our local authority area suggest with the number of properties already sold in 2018, and the number of properties currently under offer or sold subject to contract (allowing for property sales to fall through before exchange of contracts) we, as an area, will end the year 10.... Read More

How long does it take to move house? 04 September 2018

Whether you are a landlord in Worthing looking to liquidate your buy to let investment or a homeowner looking to sell your home, finding a buyer and selling your property can take an annoyingly long time. It is a step-by-step process that can take months and months.... Read More

Value of Worthing Property Market rises £40.9m 28 August 2018

The combined value of Worthing"s housing market has risen by £40,894,515 in the last 6 months, meaning the average value of a property in Worthing has increased in value by £1,245. This is great news for homeowners and buy to let landlords in Worthing because property prices have risen despite a slight hesitation in the market due to the uncertainty over Brexit.... Read More

Property values in Worthing are 351.85% higher than the summer of 1998 21 August 2018

WORTHING PROPERTY MARKET HOW DOES IT COMPARE HISTORICALLY TO THE SOUTH EAST AND NATIONAL PROPERTY MARKETS? Living in our own homes or owning buy to let property in Worthing and the surrounding areas, it"s often easy to ignore the regional and national picture when it comes to property.... Read More

New Home Building in Worthing over the last 10 years 14 August 2018

Should you, as a landlord for buy to let or for personal occupation, buy a brand-new home? Well, let"s start by looking at the numbers... Over the last 10 years, 1,359 new homes have been built in the Worthing area. That is a lot of bricks and mortar!... Read More

The Worthing Bank of Mum and Dad Lent £8.71m Last Year 07 August 2018

My analysis has shown that up to the end of the last quarter, first time buyers in Worthing purchased 558 properties in area. With wages rising at 2.8%, unemployment at a low rate of 4.2% (down from 4.6% from a year earlier and the joint lowest since 1975), national GDP rising at 1.... Read More