So the New Year has arrived, kids back to school, bonuses are on the horizon and everyone is talking about what the property market is going to do in 2016.
The overwhelming conclusion is that it’s still in a good shape and property is going continue to up in value. Commentators disagree by how much but with forecasts from Zoopla’s 7 handpicked experts ranging from 2-6% and the majority thinking around 5%, there’s still a better return here than from a medium risk portfolio on the stock market.
And what about the rental market – well there are additional tax implications from the beginning of April which means, if you’re looking for a buy-to-let, you need to get your skates on to avoid the additional 3% stamp duty. But there is still a shortage of good properties to let and the same experts predicting an increase of 3-8% in rental income depending where the property is. See here for the full article.
So it’s still good to be investing in property, remember it doesn’t matter what the market is doing, it’s all about what your property is doing and that’s still all about location location location. So if you’re thinking of moving out of London, start by doing your research or save time by using an expert about local areas, commute times, schools and utilise our network to find your perfect home.
If you are looking for specialist property search agents in London or Surrey, please contact the Home Mover Specialist on 020 7305 5944 or 01344 723292.