UK Property Market

Buying a coastal property in the UK

Buying a home located along the long coastline of the UK is not as expensive as one may think. A big determinant of the price is where one decides to buy the coastal property. For example, Dorset coastal properties are usually very expensive, whilst coastal properties in lesser known coastal towns in East Yorkshire and Cumbria in northern England are much cheaper. As far as exclusivity is concerned, Sandbanks is considered to be one of the premier coastal towns in the UK.

In terms of investment, it is interesting to note that 90% of coastal towns have seen their house prices increase by more than double in about a decade’s time. This clearly shows that a coastal property can also potentially serve as a good investment just like mirrors are for a retail shop fitting room.

The other advantage of buying a coastal property in the UK includes the fantastic views of the coastline from the house. Being located on or very near the beach is also a great asset, as one is immediately close to nature. Beaches and coastal areas are also big draws for families, therefore many choose to buy a coastal property as a vacation home. Older people generally like to buy coastal homes as they can take long walks on the beach, and enjoy the sea breeze.

When purchasing coastal property in the UK, one should do a thorough research on the property, the area it is located in, and its possible appreciation value. It is generally more profitable to purchase a coastal property in southern England, as their appreciation value is more than coastal properties in northern England. However, as stated before, coastal property in southern England are generally quite expensive to purchase.

In conclusion, it is clear that regardless of the region the property is purchased in, it offers a great lifestyle to the buyer.

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The UK Housing Market In 2011

Housing market in the United Kingdom had faced considerable volatility in 2010. The market suffered from a fall in the value of the houses and also conservatory prices, mainly attributable to the credit crunch. The credit crunch has bitten hard on other European nations as well such as Spain, Portugal and Greece to name a few. The primary reasons behind this scenario was the unavailability of finance for mortgage, the number of people who could afford to buy homes also fell significantly, and the recession had stimulated an increase in the unemployment rate. All of these reasons made the housing market of 2010 quite glum.

Things do not seem too bright for 2011 either. It has been forecasted that the U.K housing market will not experience any considerable increase in demand as mortgage availability is quite restricted. This also means that first time buyers will find it difficult to finance their home purchase with a mortgage. Currently the property transactions in the United Kingdom are also slashed by almost 50%. This could also adversely affect the banks that rely heavily on homes as collateral, ultimately affecting their balance sheet.

A lot of experts are predicting that the housing market is bound to remain volatile until 2013, mainly due to the rising interest rates stemming from the inflation. It has been predicted that the housing market will experience a fall in demand of around 20% in the months to come. Conversely, some experts are also claiming that the market may improve slightly in the year 2011 and may even experience a boost. However, all we can do now is to wait and see how the market actually turns out to be.

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