ROCK AND ROLL LIFE IN THE PROPERTY MARKET WORLD!

Labour is in! How will this affect landlords and the property market?

 

It will certainly be interesting times ahead as Labour promises to go ‘where no man has gone before…’ or ‘refreshes the parts other ‘parties’ could not reach’.

 

Let’s hope they are able retain one Housing Minister instead of the 16 we had over 14 years under the previous government!

 

Will they reach the target of building 1.5m homes in the next five years? The target of 300,000 homes a year has been a target for at least 10 years and has never been reached. Since 2010 there has been 2.2m homes built (an average of 169,000 a year!).

Will they relax the rules on Green Belt? (now introducing ‘grey belt’)

Will Interest rates start coming down? (There are already some at below 4%)

 

We all know that the economy bounces back quicker when the property market is fluid. When the interest rates start falling, the house builders will start building/ finishing off projects on the go. This in turn will create movement in the market.

 

Over the last six months we have been steadily renting out properties that would normally have gone onto the market to sell, however, they have come to us to rent them out for 12-24 months whilst the market settles.

 

The high Rental prices are here to stay and are definitely settling down.

 

The one thing we can almost rely on is property will always be a great investment!

 

Sharon

We take away the stress and strains of renting, to give you more time and peace of mind!

If you would like a friendly informal chat on how we could help you, please email sharon@moveon.biz or ring me 01202711169.