02.05.09
As the Bank of England reduces interest rates down to 1% it is hoped that this cut will be transferred into cheaper mortgages either if you have an existing one or if you are in the market for a new one. If you are able to get a mortgage and are in the position to purchase a new home then the recent 1.9% rise in property prices in January reported by The Halifax might give you a little more confidence that the downward slide of house prices may have stopped. Yes, it may be just be a one off blip that depends if you are of the opinion that, ‘a glass is half empty rather than half full’. Interest and visits to estate agents and new housing developments have seen increases over the past month which shows that there are a lot of people out there that would like to move .Those who are lucky enough to be sitting in rented accommodation may be waiting to see if prices have stopped falling. However, given the fact that you are more than likely able to negotiate a good deal on any property old or new then it could be a good time to commit to the market particularly if you have your eye on a property you like rather than risk losing it. Savills one of UK’s biggest property agents predict that property prices will bottom out some time this year and start to rise in value over next year but there will are likely to be regional variations to this recovery. Kent is predicted to recover more quickly than most other areas of the South East. It has relatively lower house prices than other areas of the region and will also benefit from the infrastructural improvements in its rail network with the introduction of high speed commuter bullet trains. This will dramaticaly improve journey times between the county and London. It will for the first time bring a direct link to St Pancras station onward links via its sister station Kings Cross to the main east coast line.
If you are wishing to purchase a new property in Kent then why not come and visit Oaks Hamlet. It’s award winning both in terms of house designs and landscaping. If you want to a good deal on the price you pay then there are some great special offers on exchanges before the end of March.
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