Like it or not, your postcode has a great impact on your daily life. Whether you have made a conscious decision to own a property in one of the UK's most highly regarded reference spots or if it just happens to be where you were born, you'll be surprised to lean about the amount of assumptions that are made about you and the kind of life that you lead.
Dawson Surveyors observes the following...
Most commonly, your insurance company will judge your risk-factor based on your postcode. If you're looking to insure your car, let's hope that you don't live in Birmingham. Perhaps move to Aberdeen to secure the best rates!
And it's not just the first couple of letters that matter. Those who live in the northern part of CF (Powys) are reportedly much happier people than those who live in the southern (Rhondda Cyon Taff). If you're home-seeking in this area you'd be advised to check out a CF44 address in order to top, rather than bottom, the "subjective well-being" scale.
But it is our house prices that are so commonly affected by that seemingly innocuous collection of digits and numbers at the end of our address. It is of no surprise that the most expensive postcode areas are in West London. Currently the average price of a flat in this area is £875,000.
Interestingly though, it is Golders Green that has seen the biggest house price rises in the last 10 years, and therefore we are quite sure that "subjective well-being" will also be on the rise.
If you're seeking the most square meterage for your bucks, the best bet is Wales.
For more advice on how to make the best property purchase to suit your needs, please contact Dawson & Associates. We know that it is not just the price of the property that matters but also the condition of the property itself. Don't be fooled into thinking that a bargain is quite that unless it has first been surveyed by a professional.
WWW.DAWSONSURVEYORS.COM
Friday 31 October 2014
Wednesday 1 October 2014
UK has Third Highest Annual Increase in House Prices
Surprisingly enough, it is Estonia that tops the list of highest annual house price increase (in line with their economic growth since 2010). Following that comes Ireland with a 12.5% increase y-o-y and then the UK at 10.2%.
The UK property market "bubble" has now been well documented and we start to wonder whether the bubble should actually now be referred to as a full-blown boom. It has been reported that over the next 5 years, certain areas of the UK are expected to witness house prices to further soar by 30%. Real estate website, Rightmove recommends the following areas for the best projections:
These statistics present a range of good news to a certain few.
1. If you are an investor in the UK market who purchased a property over recent years, you are probably enjoying the increase in your bricks and mortar value.
2. In addition, if you are looking to relocate or purchase a 2nd home abroad then Spain and France do now still offer some interesting options (especially if you have already benefitted in the increase of your UK property value!)
If, however, you are seeking to snap up a prime property deal in foreign lands then perhaps you should be looking at the other end of the scale. Slovenia could be the place to snap up a bargain home as stats show a 9.8% house price FALL. Italy is keeping its distance from the bottom spot at -4.8%.
As experienced property professionals, Dawson & Associates helps clients to identify the right property investments, and that includes properties abroad. We are able to survey an investment prospect to ensure that it has been constructed to the standards that we would wish for in our home country. Alternatively, if the property does require additional work, then we can report those faults so that they can be negotiated on the for-sale price. Currently we recommend a specific development in the French Alps and we are familiar with the best property options currently available on Spain's Costa del Sol.
The UK property market "bubble" has now been well documented and we start to wonder whether the bubble should actually now be referred to as a full-blown boom. It has been reported that over the next 5 years, certain areas of the UK are expected to witness house prices to further soar by 30%. Real estate website, Rightmove recommends the following areas for the best projections:
- Southampton
- Luton
- Brighton
- Swindon
- Enfield
These statistics present a range of good news to a certain few.
1. If you are an investor in the UK market who purchased a property over recent years, you are probably enjoying the increase in your bricks and mortar value.
2. In addition, if you are looking to relocate or purchase a 2nd home abroad then Spain and France do now still offer some interesting options (especially if you have already benefitted in the increase of your UK property value!)
If, however, you are seeking to snap up a prime property deal in foreign lands then perhaps you should be looking at the other end of the scale. Slovenia could be the place to snap up a bargain home as stats show a 9.8% house price FALL. Italy is keeping its distance from the bottom spot at -4.8%.
As experienced property professionals, Dawson & Associates helps clients to identify the right property investments, and that includes properties abroad. We are able to survey an investment prospect to ensure that it has been constructed to the standards that we would wish for in our home country. Alternatively, if the property does require additional work, then we can report those faults so that they can be negotiated on the for-sale price. Currently we recommend a specific development in the French Alps and we are familiar with the best property options currently available on Spain's Costa del Sol.
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