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House sales increase – now is the time to get property investment coaching
House sales increase – now is the time to get property investment coaching
It has been reported that property sales have increased the most where prices fell, with 2.2 per cent more homes sold in the first six months of 2012.
Tarporley,
Cheshire,
United Kingdom
(prbd.net)
07/12/2012
It has been reported that property sales have increased the most where prices fell, with 2.2 per cent more homes sold in the first six months of 2012.
More properties were sold in 2012 than last year in almost 70% of areas in England and Wales, and more notably in areas where the prices fell the most.
Many of these properties were bought by property investors cashing in on falling house prices and looking to improve and diversify their property portfolio.
According to Lloyds TSB, property prices in the top 10 property hotspots were reported to have fallen by 7 per cent over the last four years. In addition, 65 per cent of the 500 towns tracked saw rising sales in the first six months of this year, compared to the same period last year.
Overall, there was an increase of sales by 2.2 per cent in England and Wales, with the largest increase seen in Suffolk with a 60 per cent rise. The largest decline was seen in the North West, where in some areas prices fell by 28 per cent.
Yorkshire and Humberside has seen the highest rise in house prices at 79 per cent compared with last year.
The Council of Mortgage Lenders (CML) has reported that lending, despite the rise in house sales, was still lackluster in September, falling by 10 per cent. They attribute this to the rush at the beginning of this year with the Stamp Duty Concession and the continuing strict lending criteria imposed by lenders despite the Funding for Lending scheme being introduced in August.
Susan Alexander is a property mentor, she specialises in property investment coaching and mentoring, buy to let advice and helping property investors build a successful property portfolio. She says:
"It is clear that house sales are continuing although at a reduced rate, with the market more buoyant in areas where the prices are felt to be affordable by comparison to the average salary of that area. As mortgage lenders have tightened their criteria this has also impacted on the markets movement making it more difficult for all level of buyers. The stamp duty concession clearly had an impact on keeping the market moving in the early stages of 2012 and the government would be wise to consider further concessions to have a greater impact on getting the market moving further. I believe that buy to let investors can take advantage of these conditions especially in areas where prices are still falling. With property investing coaching you can learn, where, when and how to invest in property for a successful property portfolio and to achieve financial freedom or a more comfortable retirement."
Notes to Editors
So many people think they can invest in property themselves and feel that they don't need additional advice. Consider most of the worlds most successful people, they fast track to where they want to go by getting a coach or mentor To find out how property investment coaching can help you achieve your goals click here. To find out more about Susan Alexander Coaching click here
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So many people think they can invest in property themselves and feel that they don’t need additional advice.
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