Property Wisdom – Beware of property white elephants
Property choice may not be a problem in the current market, but distinguishing between the genuine buys and the money-pits is, says property expert Laura Henderson.
Property choice may not be a problem in the current market, but distinguishing between the genuine buys and the money-pits is, says property expert Laura Henderson.
In the current buyer’s market, it’s just as unpleasant to get more than you bargained for than less, so keep your eyes and ears open when house hunting, says property expert, Laura Henderson.
It’s hard to believe, judging from his more recent properties, that Robbie Williams once lived in a somewhat modest bachelor pad in West London. The popstar’s city bolthole that he once called home is back on the market for £3.45million – look inside now!
Although first-time buyers numbers in Wales remain down on traditional levels, the upturn offers an encouraging sign that things may be improving.
In London the proportion was far higher that the national average with 42% of buyers stating they would be purchasing for the first time, an increase from 38.2% in Q1.
Rightmove’s most recent Consumer Confidence Survey has revealed some encouraging news that prospective first-time buyer levels are now at their highest for 12 months.
Our Q2 2011 First-Time Buyer Report was released this week and revealed that first-time buyer levels have reached their highest for 12 months. The results this quarter find that prospective first-time buyers are up to 26.2%, their highest since the 26.3% recorded in Q2 2010.
Rightmove’s second Consumer Confidence Survey of 2011 reveals a drop in the proportion of people expecting house prices to fall over the next year.