Housing Market Report
David Blythman Managing Director Scott Fraser (Estate Agents) Limited www.scottfraser.co.uk
It is very difficult to argue against the almost daily headlines of market difficulties which the media is driving hard. However, Oxford is best placed to out perform most of the UK because its housing market is so strongly linked to demand created by its universities with their 30,000 students and associated businesses. Still we should expect no better than 5% capital growth this year. Conversely the lettings market will remain buoyant and rents are likely to increase.
To read more about Scott Fraser http://www.oxfordprospect.co.uk/Scottfrasier.htm
It is very difficult for first time buyers such as myself no matter where you live, even as we do near Cardiff University. I have to admit however it is better since house prices started to go down a little, but still not what one might call cheap. I think its better to see an independent financial advisor rather than go to the bank since they can give impartial advice. Searching sites online such as http://www.mortgages2suitu.co.uk can also provide great results, and if not a better deal than your IFA, at least give you some idea of what to expect.
neonf2
March 18, 2008 at 6:01 pm