tag:blogger.com,1999:blog-73451121429805637792024-02-06T21:43:20.236-08:00Warminster Property BlogA blog about the Warminster property market.Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comBlogger62125tag:blogger.com,1999:blog-7345112142980563779.post-12377009017160026952018-05-21T08:12:00.001-07:002018-05-21T08:12:33.035-07:00236 Warminster Landlords Plan to Expand Their Buy To Let Portfolios <div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie882rw8fkn70ujCHRIuX3GB80-PYudSn9-kvOBvSQn2MUfSVjZxvgkJ0rphdhL73bgUOloKjWbjPPm3TvsYD3jEN9zhai8r9EDYUo__JHd6D_MRrV2lEQyoZogiUwVcP8bcIS2Jd9fr4J/s1600/IMG_4058.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1066" data-original-width="1600" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie882rw8fkn70ujCHRIuX3GB80-PYudSn9-kvOBvSQn2MUfSVjZxvgkJ0rphdhL73bgUOloKjWbjPPm3TvsYD3jEN9zhai8r9EDYUo__JHd6D_MRrV2lEQyoZogiUwVcP8bcIS2Jd9fr4J/s320/IMG_4058.JPG" width="320" /></a></div>
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<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">A
noteworthy number of buy to let landlords in Britain plan to buy more
properties over the next year notwithstanding the frustrations, challenges and seismic
changes in the private rented sector. According to Aldermore, the specialist
buy to let lender, their research shows around 41% of portfolio buy to let
landlord’s objective is to grow their buy to let portfolio (<i style="mso-bidi-font-style: normal;">Portfolio landlords are landlords that own
more than one rental property</i>). <o:p></o:p></span></div>
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<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">So,
I thought, “Are Warminster landlords feeling the same?” If so, if these numbers
were applied to the Warminster private rental market, what sort effect would it
have on the Warminster property market as whole? <o:p></o:p></span></div>
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<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">Talking
to the landlords I deal with, many are feeling optimistic about the future of
the Warminster rental market and the prospect it presents even with the doom
and gloom prophecies that the property market will shrink. Many of those landlords
who are looking to enlarge their portfolio are doing so because they still see
the private rental market as a decent investment opportunity. <o:p></o:p></span></div>
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<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">With
top of the range Bank and Building Society Savings Accounts only reaching 1.5%
a year, the rollercoaster ride of crypto currency and the yo-yoing of the stock
market, the simple fact is, with rental yields in Warminster far outstripping
current savings rates, the short term prospect of a readjustment in property
prices isn’t putting off Warminster landlords.<o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-size: 14.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">The
art to buying a Warminster buy to let investment is to buy the profit on the
purchase price, not the anticipation of the future sale price.<o:p></o:p></span></i></b></div>
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<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">No
matter what the historical economy has thrown at us, with the global meltdown
in 2008/9, dotcom crash of 2000, ERM in 1992, the three day week, oil crisis
and hyperinflation in the 1970’s (the list goes on) ... the housing market has
always bounced back stronger in the long term. That’s the point ... long term. Investing
in buy to let is a long-term strategy. The simple fact is, over the long term with
the increasing demand for rental properties, predominantly among Millennials as
many cannot afford to get on the property ladder, and with councils not
building enough properties of any kind, many youngsters are having to resort to
the private rental market for their accommodation needs.<o:p></o:p></span></div>
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<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">So,
what of the numbers involved in Warminster?<o:p></o:p></span></div>
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<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">There
are 264 landlords that own just one buy to let (BTL) property in Warminster and
575 Warminster landlords, who are portfolio landlords. Between those 575 Warminster
portfolio BTL landlords, they own a total of 1,207 Warminster BTL properties
and they can be split down into the size of landlord portfolio in the graph
below…. <o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMoXAMNBxUUUEwZj5l1xexNZAlV1CkDL577KYsEhoqqV9I6MMzQX8Ttnv9i0MEWQH5RksFJw3gpYmAtgfPbEM6wmxt0tGqsUvsHf2Zwb2eEwqbIb92tRfYklzU3EEj9Wqry8HHZRX0I2j1/s1600/217+graph.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="663" data-original-width="973" height="218" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMoXAMNBxUUUEwZj5l1xexNZAlV1CkDL577KYsEhoqqV9I6MMzQX8Ttnv9i0MEWQH5RksFJw3gpYmAtgfPbEM6wmxt0tGqsUvsHf2Zwb2eEwqbIb92tRfYklzU3EEj9Wqry8HHZRX0I2j1/s320/217+graph.jpg" width="320" /></a></div>
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<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">If I apply the Aldermore figures that means <span style="color: black; mso-themecolor: text1;">236 </span>Warminster landlords have
plans to expand their BTL portfolio in the coming year or so.<o:p></o:p></span></div>
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<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">However,
the Aldermore Research also showed that 8% of private landlords intended to
reduce the number of properties they own. They put this down to continuing
Government intervention in the housing market (as many landlords mentioned too
many limitations and higher taxation) while some believed that tenants are
excessively protected to the disadvantage of the landlord.<o:p></o:p></span></div>
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<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">I
would say there is no arguing that the buy to let market has taken a bit of a
beating, thanks to a plethora of Government regulation, new mortgage
underwriting rules in 2014 and George Osborne’s tax changes. Yet there still
remains an overall consciousness of optimism among the vast majority of
landlords. Despite these latest changes, many landlords still view buy to let
as a good investment.<o:p></o:p></span></div>
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<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">If
you want to buy right and assess your own portfolio on the yield/capital growth
seesaw ... drop me a note. <o:p></o:p></span></div>
<br />Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-77544619393735150612018-05-14T08:13:00.000-07:002018-05-21T08:17:19.960-07:00Warminster Property Market – Asking Prices Down 10.9% in the Last 12 Months<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqWU9I9zicYV7GAQ8UMRljEsUC-76rBLZRoQWbgxaZ6Goo_Nfg7KEwtiue9HVw1fqeSNFJ670aaTR3N137OFxsVlGVuRVSAtBni-0eeaq-nQBb9dex-9-hqKwLYZDhK0l96_FtX4rzP_Px/s1600/IMG_4050.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1066" data-original-width="1600" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqWU9I9zicYV7GAQ8UMRljEsUC-76rBLZRoQWbgxaZ6Goo_Nfg7KEwtiue9HVw1fqeSNFJ670aaTR3N137OFxsVlGVuRVSAtBni-0eeaq-nQBb9dex-9-hqKwLYZDhK0l96_FtX4rzP_Px/s320/IMG_4050.JPG" width="320" /></a></div>
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<span style="color: #353535; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The
average asking price of property in Warminster dropped by 10.9% or £34,288 compared
to a year ago, taking the current average asking price to £280,949 compared
with £315,237 this time last year.<o:p></o:p></span></div>
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<span style="color: #353535; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The
overall drop in asking prices is being put down to sellers being more realistic
with their pricing and looking to benefit from the impending mortgage interest
rate rises which are likely later in 2018. This is great news for first, second
and third time buyers in Warminster starting their property hunting in the active
late spring / early summer market this year.<o:p></o:p></span></div>
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<span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Even
better news is that whilst first time buyers also have to pay less for their
property, they also have the bonus of the Chancellor stopping Stamp Duty being
paid by first time buyers!<span style="color: red;"><o:p></o:p></span></span></div>
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<span style="color: #353535; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Looking
at the different sectors of the Warminster property market, splitting it down
into property types, one can see what is happening to each sector of the market
with regard to their average asking prices now compared to a year ago. So looking
at the pound note amounts… <o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTcHOa2mlbnmm4l2YX4NAdLMZQTq5MChxxQ-BM3b_nxw67_0bvvLxy1OkXX7uQO-OqChWR0TE12L0itgrGD8-5XtGjhxhGgHn_Q4KHVOp9Pmyai4zzCHiXBu6-U2vT88HD-xQ21BBP2yjo/s1600/215+Graph+1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="573" data-original-width="1049" height="174" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTcHOa2mlbnmm4l2YX4NAdLMZQTq5MChxxQ-BM3b_nxw67_0bvvLxy1OkXX7uQO-OqChWR0TE12L0itgrGD8-5XtGjhxhGgHn_Q4KHVOp9Pmyai4zzCHiXBu6-U2vT88HD-xQ21BBP2yjo/s320/215+Graph+1.jpg" width="320" /></a></div>
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<span style="color: #353535; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Interestingly,
when one looks at the percentages, the most movement in average asking price pressure
is in the detached property type sector. <o:p></o:p></span></div>
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<span style="color: #353535; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Now,
I must stress this overall drop in the asking prices of Warminster property
doesn’t necessarily mean the value of Warminster property is going down by the
same amount. <o:p></o:p></span></div>
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<span style="color: #353535; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Only
time will tell if the current levels of Warminster asking prices is a correction
of optimistic house sellers after a couple of months of over enthusiastic asking
price rises, or is it an initial sign that property values are slipping. To
judge what is really happening to the Warminster property market, I believe these
asking prices must be viewed in conjunction with both the values achieved and
the length of time it takes to sell the property. <o:p></o:p></span></div>
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<span style="color: #353535; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Also,
these figures are averages, so it might also mean less expensive types of Warminster
semi-detached or Warminster detached, are on the market now, this dragging the
average down, compared to a year ago.<o:p></o:p></span></div>
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<span style="color: #353535; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">One
thought I would like to share with the Warminster homeowners and landlords wanting
to sell their property, is the fact they need to be aware of the competition of
other people selling their homes. One factor that could be contributing to a
subdued demand for local property is the progressively strained buyer mortgage affordability
(i.e. banks telling people they can only afford so much on a mortgage), meaning
more and more buyers are hitting their maximum on the amount they are able to borrow
on a mortgage sooner than they thought. <o:p></o:p></span></div>
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<span style="color: #353535; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">So, what does this all mean, especially for buy to
let landlords in Warminster? During these months of flux, there could be some
property bargains to be had. Lower asking prices mean you are buying in better
yields and potential capital growth at the same time. Many Warminster landlords
pick the phone up or email me with Rightmove links, asking my opinion on the
BTL potential of property. I don’t charge for that service, so if you don’t want
to miss out, follow what they do and make contact ... I don’t bite!<o:p></o:p></span></div>
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<br />Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-48275293454732031602018-05-04T08:18:00.000-07:002018-05-21T08:29:09.403-07:00Extra Funding Is Required for Affordable Homes in Warminster<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinkiMFJjDdNj5m18blsBebJpgiIyvhKcaoC8CjBDbws2esa4YjxiboFf8Qz3fVI-6j5OfWJNebdFSSlQqqb7QNeR8q3GwYn8TujbCRaXTQcfkuM8zp_wRirAZ3GUeYWMggGh2HMJAVLKvv/s1600/IMG_4063.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1066" data-original-width="1600" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinkiMFJjDdNj5m18blsBebJpgiIyvhKcaoC8CjBDbws2esa4YjxiboFf8Qz3fVI-6j5OfWJNebdFSSlQqqb7QNeR8q3GwYn8TujbCRaXTQcfkuM8zp_wRirAZ3GUeYWMggGh2HMJAVLKvv/s320/IMG_4063.JPG" width="320" /></a></div>
<br />
<br />
<br />
<h2 style="line-height: 15.6pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; vertical-align: baseline;">
<span style="color: black; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">In my blog about the Warminster Property Market I mostly only talk
about two of the three main sectors of the local property market, the ‘private
rented sector’ and the ‘owner occupier sector’. However, as I often stress when
talking to my clients, one cannot forget the third sector, that being the
‘social housing sector’ (or council housing as some people call it). <o:p></o:p></span></h2>
<h2 style="line-height: 15.6pt; margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; vertical-align: baseline;">
<span style="color: black; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">In previous articles, I have spoken at length about the crisis in
supply of property in Warminster (<i style="mso-bidi-font-style: normal;">i.e.
not enough property is being built</i>), but in this article I want to talk about
the other crisis – that of affordability. It is not just about the pure number of
houses being built but also the equilibrium of tenure (ownership vs rented) and
therein, the affordability of housing, which needs to be considered carefully
for an efficient and effectual housing market.<o:p></o:p></span></h2>
<div class="MsoNormal">
An <span style="color: black; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">efficient and effectual housing market is in
everyone’s interests, including Warminster homeowners and Warminster landlords,
so let me explain ..<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: black; font-size: 16.0pt; mso-bidi-font-family: Calibri; mso-bidi-font-size: 12.0pt; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">An average of only 618 Affordable Homes per year have been built
by Wiltshire Council in the last 9 years</span></b><o:p></o:p></div>
<div style="margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 11.25pt; vertical-align: baseline;">
<span style="color: black; font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The requirement for the
provision of subsidised housing has been recognised since Victorian times. Even
though private rents have not kept up with inflation since 2005 (meaning
tenants are better off) it’s still a fact there are substantial numbers of low-income
households in Warminster devoid of the money to allow them a decent standard of
housing.<o:p></o:p></span></div>
<div style="margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 11.25pt; vertical-align: baseline;">
<span style="color: black; font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Usually, property in the
social housing sector has had rents set at around half the going market rate
and affordable shared home ownership has been the main source of new affordable
housing yet, irrespective of the tenure, the local authority is simply not
coming up with the numbers required. If the local authority isn’t building or
finding these affordable homes, these Warminster tenants still need housing,
and some tenants at the lower end of the market are falling foul of rogue
landlords. Not good news for tenants and the vast majority of law abiding and
decent Warminster landlords who are tarnished by the actions of those few rogue
landlords, especially as I believe everyone has the right to a safe and decent
home.<o:p></o:p></span></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto;">
<span style="color: black; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";">Be it Tory’s, Labour, SNP, Lib Dems, Greens etc, everyone needs to
put party politics aside and start building enough homes and ensure that
housing is affordable. Even though 2017 was one of the best years for new home
building in the last decade (217,000 homes built in 2017) overall new home building
has been in decline for many years from the heady days of the early 1970s, when
an average of 350,000 new homes were being built a year. <span style="mso-spacerun: yes;"> </span>As you can see from the graph, we simply
aren’t building enough ‘affordable’ homes in the area.<o:p></o:p></span></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto;">
<span style="color: black; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwLccGU18jH_HiShxAbLYXCw-hrsUX9ILkFv9owAmBu5EkHTd-BMpG2tdCVhK90aHukCQ1yd4qKt-1NYZQadD8hZvQ9Q1FrhxqjdZpPaT5kONcX4VgLyhsGCHyCqfmE8mm7rSXpdGU3keQ/s1600/Graph+216.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="693" data-original-width="1028" height="215" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwLccGU18jH_HiShxAbLYXCw-hrsUX9ILkFv9owAmBu5EkHTd-BMpG2tdCVhK90aHukCQ1yd4qKt-1NYZQadD8hZvQ9Q1FrhxqjdZpPaT5kONcX4VgLyhsGCHyCqfmE8mm7rSXpdGU3keQ/s320/Graph+216.jpg" width="320" /></a></div>
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<div style="margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 11.25pt; vertical-align: baseline;">
<span style="color: black; font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><br />
The blame cannot all be placed at the feet of the local authority as Council
budgets nationally, according to Full-Fact, are 26% lower than they have been since
2010.<span style="mso-spacerun: yes;"> </span><o:p></o:p></span></div>
<div style="margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 11.25pt; vertical-align: baseline;">
<span style="color: black; font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">So, what does this mean
for Warminster homeowners? Well, an undersupply of affordable homes will
artificially keep rents and property prices high. That might sound good in the
short term, but a large proportion of my Warminster landlords find their
children are also priced out of the housing market. Also, whilst your Warminster
home might be slightly higher in value, due to this lack of supply of homes at
the bottom end of the market, as most people move up the market when they do
move, the one you want to buy will be priced even higher.<o:p></o:p></span></div>
<div style="margin-bottom: 11.25pt; margin-left: 0cm; margin-right: 0cm; margin-top: 11.25pt; vertical-align: baseline;">
<span style="color: black; font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Problems at the lower end of
the property market will affect the middle and upper parts. There is no getting
away from the fact that the Warminster housing market is all interlinked .. it’s
not called the Property ‘Ladder’ for nothing!<o:p></o:p></span></div>
<br />Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-15426167955433948722018-04-19T08:32:00.000-07:002018-05-21T08:47:26.613-07:00Warminster Millennials Have Spent £99,300 On Rent By The Age of 35<br />
<div class="MsoNormal" style="margin-bottom: 2.0pt; mso-layout-grid-align: none; text-autospace: none;">
<span style="color: #444444; font-family: Calibri, sans-serif; font-size: 11pt;">The Millennials were born
between the mid 1980’s and late 1990’s thus making them between the age of
around 22 to late 30’s. They are the imaginative, artistic youngsters who grew
up with the newest tech and computers and who are huge aficionados of music
festivals, gourmet pizzas, emoji’s, selfies and old skool nostalgia. Also known
as Generation Rent, many Millennials have discovered that renting is a good choice
for their accommodation needs without the hassle that comes from buying a home.
Nonetheless, that is not the only reason they don’t buy property. When they
should be concentrating on their profession, putting down roots and starting a
family, Millennials are still going through the pressure and strain of student
loan liabilities whilst, at the same time, finding it tough to pay rent.</span></div>
<div class="MsoNormal" style="margin-bottom: 2.0pt; mso-layout-grid-align: none; text-autospace: none;">
<span style="color: #444444; font-family: Calibri, sans-serif; font-size: 11pt;"><br /></span></div>
<div style="background: white;">
<span style="color: #444444; font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The hot topic at the
moment is the cost of renting, as both political parties have seen mileage in
wooing these Millennial Generation Renters. The average rent in Warminster is
currently £707 per month making this a big-ticket item on the monthly budget. I
was inquisitive to find out exactly how much Warminster Millennials will
spend on rent by the time they reach their mid 30’s. The average age people
leave home in the UK is 22; so looking at a Warminster 22-year-old (or
Millennial) who left home in 2005 then between 2005 and today that Warminster </span><span style="color: #353535; font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Millennial will have shelled out
<span style="mso-bidi-font-weight: bold;">£99,300 </span>in rent.</span><span style="color: #444444; font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><o:p></o:p></span></div>
<div style="background: white;">
<span style="color: #353535; font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">It’s no wonder local
Millennials can’t afford to buy a Warminster home given their tremendous debt.
This means younger Warminster Millennials will probably carry on renting for
the foreseeable future, simply because the prospect of buying a home is not yet
achievable.. <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">that is until you look more deeply at the numbers…<o:p></o:p></i></b></span></div>
<div align="center" style="background: white; text-align: center;">
<span style="color: #353535; font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-no-proof: yes;"><!--[if gte vml 1]><v:shapetype
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<div style="background: white;">
<span style="color: #353535; font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><br /></span></div>
<div style="background: white;">
<span style="color: #353535; font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Looking at the chart above,
the average rent of a Warminster property in 2005 was £572 per month (pm) <span style="mso-spacerun: yes;"> </span>… if it had risen by inflation, today, that
would be £806 pm. As I have already mentioned in the article, today it only
stands at </span><span style="color: #444444; font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">£707 per month. Looking
over the last 12 years, adding up all the differences between what the average
actual rent was compared to what it should have been if rent had gone up by
inflation, the average Warminster Millennial tenant would have paid £86,628.<o:p></o:p></span></div>
<div style="background: white;">
<span style="color: #444444; font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhB3t-Ww4BxHSSjcG1gMpna2EbjA7iKVFOAdZViLjMetbwa571tR3vgoTMYfXnXer9EnNoSOptsN1HGzKBOLHepNw3VEfL49kS2WBAm8MxgXVu2hQ7Jsz82-eUA9E7xAzDelt-unSzNgaBJ/s1600/graph+213+1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="709" data-original-width="987" height="229" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhB3t-Ww4BxHSSjcG1gMpna2EbjA7iKVFOAdZViLjMetbwa571tR3vgoTMYfXnXer9EnNoSOptsN1HGzKBOLHepNw3VEfL49kS2WBAm8MxgXVu2hQ7Jsz82-eUA9E7xAzDelt-unSzNgaBJ/s320/graph+213+1.png" width="320" /></a></div>
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<div style="background: white;">
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<div align="center" style="background: white; text-align: center;">
<span style="color: #444444; font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-no-proof: yes;"><!--[if gte vml 1]><v:shape
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</v:shape><![endif]--><!--[if !vml]--><!--[endif]--></span><span style="color: #444444; font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><o:p></o:p></span></div>
<div style="background: white;">
<span style="color: #353535; font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">This means that an average
35-year-old Warminster Millennial tenant, who has been renting since 2005, is
better off by £8,890 when comparing the actual rent paid compared to what it
would have been if it had risen by inflation. In a nutshell, tenants have done
well due to the sub-inflation growth in rents. <o:p></o:p></span></div>
<div class="MsoNormal">
<span style="color: #353535; font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">In fact, if you recall I
mentioned in an article a few weeks ago, the older Warminster Millennials </span><span style="background: white; color: #444444; font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">are starting to
use those savings and are gradually shifting towards home ownership. They are
finally catching up with the British homeownership dream as Bank of Mum and Dad
help with the deposit. Also, the scrapping of Stamp Duty from the Government
starts to kick in together with the realisation that if the 5% mortgage deposit
can be scrapped together (yes, 95% first time buyer mortgages have been
available since 2009), it is still a lot cheaper to buy than rent, meaning this
will unquestionably drive demand for Warminster homes for sale – good news for Warminster
homeowners.<o:p></o:p></span></div>
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_TGf0bSGEMXoUVUHJi7hPzR3CYJlC-Xv4TJeJBYJazuRJnbwqGvm7gcOCH1E2tKT5p33RuPXtRk1P-dViuNIq9esOdEM3qNytU5u3NXHGnx9St-b6t3Fst8EnyhRM9BqaqA6brxv8hzzl/s1600/graph+213+2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="582" data-original-width="991" height="187" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_TGf0bSGEMXoUVUHJi7hPzR3CYJlC-Xv4TJeJBYJazuRJnbwqGvm7gcOCH1E2tKT5p33RuPXtRk1P-dViuNIq9esOdEM3qNytU5u3NXHGnx9St-b6t3Fst8EnyhRM9BqaqA6brxv8hzzl/s320/graph+213+2.jpg" width="320" /></a></div>
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<span style="background: white; color: #444444; font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><br /></span></div>
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<br /></div>
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<span style="background: white; color: #444444; font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">… and
what does this mean for Warminster landlords? <o:p></o:p></span></div>
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<br /></div>
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<span style="background: white; color: #444444; font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Well
the vast majority of younger Millennials are still renters and I foresee this
to be the case for at least the next ten to fifteen years.</span><span style="font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> Landlords will need to keep improving their
properties to ensure they get the best tenants and they will see a much higher
rent achieved. Millennials will pay top dollar for a top dollar property<span style="mso-bidi-font-weight: bold;">. It is important to do things correctly as
making money won’t be as easy as it has been over the last twenty years</span>.<span style="mso-spacerun: yes;"> </span>With a greater number of properties on the
market .. comes greater choice. Don’t buy the first thing you see, buy with
your head as well as your heart … because as I promised a few weeks ago, the
first rule of Buy To Let Investment …..<span style="mso-bidi-font-weight: bold;">
“You are not going to live in the property yourself”<o:p></o:p></span></span></div>
<br />Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-72978025407305947472017-10-16T06:25:00.000-07:002017-10-16T06:25:11.392-07:00 Slowing Warminster Property Market? Yes and No! <div class="MsoNormal">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqWU9I9zicYV7GAQ8UMRljEsUC-76rBLZRoQWbgxaZ6Goo_Nfg7KEwtiue9HVw1fqeSNFJ670aaTR3N137OFxsVlGVuRVSAtBni-0eeaq-nQBb9dex-9-hqKwLYZDhK0l96_FtX4rzP_Px/s1600/IMG_4050.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1066" data-original-width="1600" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqWU9I9zicYV7GAQ8UMRljEsUC-76rBLZRoQWbgxaZ6Goo_Nfg7KEwtiue9HVw1fqeSNFJ670aaTR3N137OFxsVlGVuRVSAtBni-0eeaq-nQBb9dex-9-hqKwLYZDhK0l96_FtX4rzP_Px/s320/IMG_4050.JPG" width="320" /></a></div>
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My thoughts
to the landlords and homeowners of Warminster…<o:p></o:p></div>
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The tightrope
of being a Warminster buy-to-let landlord is a balancing act many do well at.
Talking to several Warminster landlords, they are very conscious of their
tenants’ capacity and ability to pay the rent and their own need to raise rents
on their rental properties (as Government figure shows ‘real pay’ has dropped
1% in the last six months). Evidence does suggest many landlords feel more
assured than they were in the spring about pursuing higher rents on their
properties. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
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During the summer
months, historic evidence suggests that the rents new tenants have had to pay on
move in have increased. June/July/August is a time when renters like to move,
demand surges and the normal supply and demand seesaw mean tenants are normally
prepared to pay more to secure the property they want to live in, in the place
they want to be. This is particularly good news for Warminster landlords as
average Warminster rents have been on a downward trend recently. So look at the
figures here...<o:p></o:p></div>
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<br /></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="font-size: 16pt;">Rents in Warminster on average for new tenants moving in
have risen 2.9% for the month, taking overall annual Warminster rents 2.4%
higher for the year<o:p></o:p></span></b></div>
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<br /></div>
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However,
several Warminster landlords have expressed their apprehensions about a slowing
of the housing market in Warminster. I think this negativity may be exaggerated.
<o:p></o:p></div>
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Before we get
the Champagne out, the other side of the coin to property investing is capital
values (<i>which will also be of interest to
all the <b>homeowners in Warminster</b> as
well as the Warminster buy-to-let landlords</i>). I believe the Warminster property market has
been trying to find some level of equilibrium since the New Year. According to the Land Registry…<o:p></o:p></div>
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<br /></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="font-size: 16pt;">Property Values in Warminster are 7.09% higher than they
were 12 months ago, rising by 2.06% last month alone!<o:p></o:p></span></b></div>
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Yet, I would
take those figures with a pinch of salt as they reflect the sales of Warminster
properties that took place in early Spring 2017 and now are only exchanging and
completing during the summer months. <o:p></o:p></div>
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The reality
is the number of properties that are on the market in Warminster today has
risen by 3.41% since the New Year and that will have a dampening effect on
property values. As tenants have had less choice, buyers now have more choice ...
and that will temper Warminster property prices as we head towards 2018.<o:p></o:p></div>
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Be you a
homeowner or landlord, if you are planning to sell your Warminster property in
the short term, it is crucial, especially with the rise in the number of properties
on the market, that you <b><i><span style="background: white;">realistically price your property when you bring it
to the market</span></i></b><span style="background: white;"> ... with the increase in choice of properties, the
balance of power during negotiation generally sways towards the buyer. </span>Given that everyone now has access to
property details, including historic stats for how much property have sold for,
they will be more astute during the offer and negotiation stages of a purchase.<o:p></o:p></div>
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<span style="font-family: Calibri, sans-serif; font-size: 12pt;">However, even with this uplift in the number of
properties for sale in Warminster, property prices will remain stable and
strong in the medium to long term. This is because the number of properties on
the market today is still way below the peak of summer of 2008, when there were
246 properties for sale compared to the current level of 91 (<i>if you recall, prices dropped by nearly 20%
in Credit Crunch years of ‘08 and ‘09</i>).<o:p></o:p></span></div>
<div class="p1">
<br /></div>
<div align="center" class="p1" style="text-align: center;">
<b><span style="font-family: Calibri, sans-serif; font-size: 16pt;">Compared to 2008, today’s lower
supply of Warminster properties for sale will keep prices relatively high...and
they will continue to stay at these levels for the medium to long term.<o:p></o:p></span></b></div>
<div class="p1">
<br /></div>
<div class="p1">
<span style="font-family: Calibri, sans-serif; font-size: 12pt;">Less people are moving than a few years ago, meaning less
property is for sale. Fewer properties for sale mean property prices remain
relatively high and this is because of a number of underlying reasons. Firstly,
buy-to-let landlords tend not sell their properties as often than owner-occupiers,
consequently removing the property out of the housing market selling cycle.
Secondly, Stamp Duty is much higher compared to 10 years ago (meaning it costs
more to move). Next, there is a dearth of local authority rental housing so
demand for private rented housing will remain high. Then we have the UK’s
maturing owner occupier population, meaning these older people are less likely
to move (compared to when they were younger). Another reason is the lack of new
homes being built in the country (<i>we need
240k houses a year to be built in the UK and we are currently only building
145k a year!</i>) and finally, the new mortgage rules introduced in 2014 about
how much a person can borrow on a mortgage has curtailed demand.<o:p></o:p></span></div>
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<div class="MsoNormal">
<span style="background: white;">Some final thought’s before I go – to all the <b><i>Warminster
homeowners</i></b> that aren’t planning to sell – this talk of price changes is
only on paper profit or loss. To those that are moving ... most people that
sell, are buyers as well, so as you might not get as much for yours, the one
you will want to buy won’t be as much, (swings and roundabouts as Mum used to
say!)<o:p></o:p></span></div>
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<br />
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<span style="background: white;">To all the <b><i>Warminster landlords</i></b> – keep your eyes
peeled – I have a feeling there may be some decent buy-to-let deals to be had
in the coming months</span><o:p></o:p></div>
Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-44309961690977600992017-09-15T04:43:00.001-07:002017-09-15T04:43:06.612-07:00<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqWU9I9zicYV7GAQ8UMRljEsUC-76rBLZRoQWbgxaZ6Goo_Nfg7KEwtiue9HVw1fqeSNFJ670aaTR3N137OFxsVlGVuRVSAtBni-0eeaq-nQBb9dex-9-hqKwLYZDhK0l96_FtX4rzP_Px/s1600/IMG_4050.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1066" data-original-width="1600" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqWU9I9zicYV7GAQ8UMRljEsUC-76rBLZRoQWbgxaZ6Goo_Nfg7KEwtiue9HVw1fqeSNFJ670aaTR3N137OFxsVlGVuRVSAtBni-0eeaq-nQBb9dex-9-hqKwLYZDhK0l96_FtX4rzP_Px/s320/IMG_4050.JPG" width="320" /></a></div>
<div class="p1">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-weight: bold; mso-hansi-theme-font: minor-latin;"><br /></span></div>
<div class="p1">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-weight: bold; mso-hansi-theme-font: minor-latin;"><br /></span></div>
<div class="p1">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-weight: bold; mso-hansi-theme-font: minor-latin;">The most recent set of data from the Land Registry has
stated that property values in Warminster and the surrounding area were 7.09%
higher than 12 months ago and 19.39% higher than January 2015.<o:p></o:p></span></div>
<div class="p1">
<br /></div>
<div class="p1">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Despite
the uncertainty over Brexit as Warminster (and most of the UK’s) property values continue their medium
and long-term upward trajectory. As economics is about supply and demand, the
story behind the Warminster property market can also be seen from those two
sides of the story.<o:p></o:p></span></div>
<div class="p1">
<br /></div>
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<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Looking
at the supply issues of the Warminster property market, putting aside the short-term
dearth of property on the market, one of the main reasons of this sustained house
price growth has been down to of the lack of building new homes. <o:p></o:p></span></div>
<div class="p1">
<br /></div>
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<span style="font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The draconian planning laws, that
over the last 70 years (starting with </span><span style="background: white; font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: minor-latin;">The<span class="apple-converted-space"> </span></span><em><span style="font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Arial; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: minor-latin;">Town and Country Planning Act 1947</span></em><span style="font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">) has meant the amount of land built on in
the UK today, only stands at 1.8% (no, that’s not a typo – its one point eight
percent) and that is made up of 1.1% with residential property and 0.7% for
commercial property. Now I am not advocating building modern ugly carbuncles
and high-rise flats in the rolling Wiltshire countryside, nor blot the
landscape with the building of massive 1,000 home housing estates out of town
around the beautiful countryside of such villages as Dilton Marsh, Upton
Scudamore and Heytesbury. <o:p></o:p></span></div>
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrDg0qJiyurtc46GA07kOHYSyED9YGPYU6-bo3j63jb-ZZjZ-EJgO79cZB1f6bP0BFcgf2uc94WJrAzWginfGLgCdu3aHZiz4VaN91b-jqXu1TVkRghwTFvQkN2qxb7caYR7OwZiHgm4j3/s1600/182+fixed+graph+on+land+usage.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="960" data-original-width="1360" height="281" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrDg0qJiyurtc46GA07kOHYSyED9YGPYU6-bo3j63jb-ZZjZ-EJgO79cZB1f6bP0BFcgf2uc94WJrAzWginfGLgCdu3aHZiz4VaN91b-jqXu1TVkRghwTFvQkN2qxb7caYR7OwZiHgm4j3/s400/182+fixed+graph+on+land+usage.png" width="400" /></a></div>
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<span style="font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The facts are, with the restrictions
on building homes for people to live in, because of these 70-year-old
restrictive planning regulations, homes that the youngsters of Warminster badly
need, aren’t being built in the quantity needed. Now I appreciate that the West
Warminster Urban Extension is underway, with the first of the new Tascroft Rise
properties being marketed but put simply we still need more housing. </span><o:p></o:p></div>
<div class="p1">
<br /></div>
<div class="p1">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Looking
at the demand side of the equation, one might have thought property values
would drop because of Brexit and buyers uncertainty. However, certain
commenters now believe property values might rise because of Brexit. Many
people are risk adverse, especially with their hard-earned savings. The stock
market is at an all-time high and many people are uncertain about the money
markets. The thing about property is its tangible, bricks and mortar, you can
touch it and you can easily understand it. <o:p></o:p></span></div>
<div class="p1">
<br /></div>
<div class="p1">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The
Brits have historically put their faith in bricks and mortar, which they expect
to rise in value, in numerical terms, at least. Nationally, the value of
property has risen by 635.4% since 1984 whilst the stock market has risen by a
very similar 593.1%. However, the stock market has had a roller coaster of a
ride to get to those figures. For example, in the dot com bubble of the early 2000’s,
the FTSE100 dropped 126.3% in two years and it dropped again by 44.6% in 9 months
in 2007… the worst drop Warminster saw in property values was just 18.18% in
the 2008/9 credit crunch.<o:p></o:p></span></div>
<div class="p3">
<br /></div>
<br />
<div class="p2">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Despite
the slowdown in the rate of annual property value growth in Warminster to the
current 7.09%, from the heady days of 11.62% annual increases seen in mid 2010,
it can be argued the headline rate of Warminster property price inflation is
holding up well, especially with the squeeze on real incomes, new taxation
rules for landlords and the slight ambiguity around Brexit. With mortgage rates
at an all-time low and tumbling unemployment, all these factors are largely
continuing to help support property values in Warminster (and the UK).<o:p></o:p></span></div>
Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-75684349705846271962017-07-17T04:33:00.000-07:002017-07-17T04:33:11.873-07:00Warminster Buy-To-Let Predictions up to 2037<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie882rw8fkn70ujCHRIuX3GB80-PYudSn9-kvOBvSQn2MUfSVjZxvgkJ0rphdhL73bgUOloKjWbjPPm3TvsYD3jEN9zhai8r9EDYUo__JHd6D_MRrV2lEQyoZogiUwVcP8bcIS2Jd9fr4J/s1600/IMG_4058.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1066" data-original-width="1600" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie882rw8fkn70ujCHRIuX3GB80-PYudSn9-kvOBvSQn2MUfSVjZxvgkJ0rphdhL73bgUOloKjWbjPPm3TvsYD3jEN9zhai8r9EDYUo__JHd6D_MRrV2lEQyoZogiUwVcP8bcIS2Jd9fr4J/s320/IMG_4058.JPG" width="320" /></a></div>
<div class="p3">
<span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><br /></span></div>
<div class="p3">
<span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">On several
occasions over the last few months, in my Warminster Property Blog, I predicted
that the rate of rental inflation (i.e. how much rents are rising by) had eased
over the last year. At the same time I felt that in some parts of the UK rents had
actually dropped for the first time in over eight years. Recent research backs
up this prediction.<o:p></o:p></span></div>
<div class="p1">
<br /></div>
<div class="p1">
<span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Rents in Warminster
for new tenancies only grew by 1.8% in the last 12 months (<i>i.e. not existing tenants experiencing rental increases from their
existing landlord</i>). When we compare that current rate with the historical
rental inflation in Warminster, an interesting pattern emerges ..<o:p></o:p></span></div>
<div class="p3">
<br /></div>
<div class="p3" style="margin-left: 36.0pt; mso-list: l0 level1 lfo1; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">2016 -
Rental Inflation in Warminster was 3.2%<o:p></o:p></span></div>
<div class="p3" style="margin-left: 36.0pt; mso-list: l0 level1 lfo1; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">2015 - Rental
Inflation in Warminster was 13.6%<o:p></o:p></span></div>
<div class="p3" style="margin-left: 36.0pt; mso-list: l0 level1 lfo1; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 12.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">2014 - Rental
Inflation in Warminster was 6.6%<o:p></o:p></span></div>
<div class="p3">
<br /></div>
<div class="p3">
<span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The reason
behind this change depends on which side of the demand/supply equation you are
looking from. On the demand side (<i>from the
tenants point of view</i>) there is the uncertainty of Brexit and the fact that
salaries are not keeping up with inflation for the first time in three years.
Critically this means tenants have less disposable income to pay their rent. As
an aside, it is interesting to note that nationally, rent accounts for 29% of a
tenant’s take home pay (Denton House). <o:p></o:p></span></div>
<div class="p3">
<br /></div>
<div class="p3">
<span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">On the
supply side of the equation (<i>landlords
point of view</i>) Brexit also creates uncertainty. However, the biggest issue
was a massive upsurge of new rental properties coming on to the market in late
2016, caused by George Osborne’s new 3% stamp duty tax for landlords in the
first part of 2016. This meant a lot of new rental properties were ‘dropped’ on
to the rental market all at the same time. The greater choice of rental
properties for tenants curtailed rental growth/inflation. A slight softening of
Warminster property prices has compounded this.
Figures from The Bank of England suggested that first time buyers rose
over the last 12 months as some were more inclined to buy instead of rent.
Together, these factors played a part in the ongoing moderation of rental
growth.<o:p></o:p></span></div>
<div class="p1">
<br /></div>
<div class="p1">
<span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The lead up
to the General Election in May didn’t help: after all people don’t like doubt
and uncertainty. So now that we have a mandate for going forward over the next
5 years hopefully that has removed any stumbling blocks stopping tenants making
the decision to move home. <o:p></o:p></span></div>
<div class="p2">
<br /></div>
<div class="p1">
<span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Whether it be
‘hard’ or ‘soft’ Brexit negotiations (and with the Election result the Tory’s
might have to be ‘softer’ on those negotiations) the simple fact is, we aren’t
building enough properties for us to live in. Both in Warminster, the South
West and the wider UK, long-term population trends imply that rents will soon
be growing faster than inflation again. Look at the projections by the Office
of National Statistics. <o:p></o:p></span></div>
<div class="p1">
<br /></div>
<div class="p1">
<br /></div>
<div class="p1">
<br /></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr>
<td colspan="5" style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 450.5pt;" width="601">
<div align="center" class="MsoNormal" style="text-align: center;">
<b>Population
Estimates for Wiltshire Council over the next 20 years <o:p></o:p></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.1pt;" width="120">
<div align="center" class="MsoNormal" style="text-align: center;">
<b>2016
</b><b><span style="color: #a6a6a6; font-size: 10.0pt; mso-bidi-font-family: Arial; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; mso-themecolor: background1; mso-themeshade: 166;">(actual)</span></b><b><o:p></o:p></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.1pt;" width="120">
<div align="center" class="MsoNormal" style="text-align: center;">
<b>2021<o:p></o:p></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.1pt;" width="120">
<div align="center" class="MsoNormal" style="text-align: center;">
<b>2026<o:p></o:p></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.1pt;" width="120">
<div align="center" class="MsoNormal" style="text-align: center;">
<b>2031<o:p></o:p></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.1pt;" width="120">
<div align="center" class="MsoNormal" style="text-align: center;">
<b>2036<o:p></o:p></b></div>
</td>
</tr>
<tr style="height: 15.25pt; mso-yfti-irow: 2; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.25pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.1pt;" valign="top" width="120">
<div align="center" class="MsoNormal" style="text-align: center;">
489,784<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.1pt;" valign="top" width="120">
<div align="center" class="MsoNormal" style="text-align: center;">
503,925<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.1pt;" valign="top" width="120">
<div align="center" class="MsoNormal" style="text-align: center;">
515,951<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.1pt;" valign="top" width="120">
<div align="center" class="MsoNormal" style="text-align: center;">
526,169<o:p></o:p></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.25pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.1pt;" valign="top" width="120">
<div align="center" class="MsoNormal" style="text-align: center;">
535,633<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<div class="p1">
<br /></div>
<div class="p1">
<span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Tenants will
still require a vibrant and growing rental sector to deliver them housing
options in a timely manner. As the population grows in Warminster, and wider
afield, any restriction to the supply of rental properties (brought about by poor
returns for landlords) cannot be in the long-term best interest of tenants.
Simply put rents must go up!<o:p></o:p></span></div>
<div class="p1">
<br /></div>
<br />
<div class="p1">
<span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The </span><span style="font-family: Calibri, sans-serif; font-size: 12pt;">fact
is that I see this as a short-term blip and rents will continue to grow in the
coming years. With rents only accounting for 29% of a tenants’ disposable
income, the ability for most tenants to absorb a rent increase does exist.<o:p></o:p></span></div>
Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-6627359522976996832017-06-19T06:05:00.001-07:002017-06-19T06:06:23.229-07:00Northwood Warminster Wins British Property Awards For Warmisnter!<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZKJ_-ioZopb-wgy4gHnNjBMy4L7sPUCclXPoBdtJj_k7PUnp4SN70Qz90Rcyd15m3DNGvgEbIe_QQKEF3rOWvc5_BMWCS8wOxDUhS3m_DQtxtpyCkA3SkNI4NT8VhwjBwfY90bGMq399_/s1600/Silly+walk+Award.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1600" data-original-width="1129" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZKJ_-ioZopb-wgy4gHnNjBMy4L7sPUCclXPoBdtJj_k7PUnp4SN70Qz90Rcyd15m3DNGvgEbIe_QQKEF3rOWvc5_BMWCS8wOxDUhS3m_DQtxtpyCkA3SkNI4NT8VhwjBwfY90bGMq399_/s400/Silly+walk+Award.jpg" width="281" /></a></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-layout-grid-align: none; text-autospace: none;">
<span style="font-family: "arialmt"; mso-bidi-font-family: ArialMT;"><br /></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-layout-grid-align: none; text-autospace: none;">
<span style="font-family: "arialmt"; mso-bidi-font-family: ArialMT;"><br /></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-layout-grid-align: none; text-autospace: none;">
<span style="font-family: "arialmt"; mso-bidi-font-family: ArialMT;">On the whole I don’t use my blog or newsletter
to promote the business. However this week <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-layout-grid-align: none; text-autospace: none;">
<span style="font-family: "arialmt";">Northwood Warminster won The
British Property Awards for Warminster, and I am immensely proud and honored to work with such a dedicated team of professionals.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-layout-grid-align: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-layout-grid-align: none; text-autospace: none;">
<span style="font-family: "arialmt"; mso-bidi-font-family: ArialMT;">After an extensive judging process which involved
all the agents in town being mystery shopped Northwood came out in top! We work
tirelessly to maintain high levels of customer service and it’s incredibly
rewarding when this is recognised.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-layout-grid-align: none; text-autospace: none;">
<br /></div>
<br />
<div class="MsoNormal">
<span style="font-family: "arialmt"; mso-bidi-font-family: ArialMT;">Northwood
Warminster have now been shortlisted for a number of national awards which will
be announced later in the year at ceremony </span><span style="font-family: FranklinGothic-Heavy; mso-bidi-font-family: FranklinGothic-Heavy;">British
Property Awards</span> <span style="font-family: "arialmt"; mso-bidi-font-family: ArialMT;">in central London.</span><o:p></o:p></div>
Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-60022293464507814192017-06-16T10:15:00.000-07:002017-06-16T10:15:28.104-07:00379,830 People use Warminster Train Station a year - So what’s that got to do with the Market?<div class="MsoNormal">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqWU9I9zicYV7GAQ8UMRljEsUC-76rBLZRoQWbgxaZ6Goo_Nfg7KEwtiue9HVw1fqeSNFJ670aaTR3N137OFxsVlGVuRVSAtBni-0eeaq-nQBb9dex-9-hqKwLYZDhK0l96_FtX4rzP_Px/s1600/IMG_4050.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1066" data-original-width="1600" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqWU9I9zicYV7GAQ8UMRljEsUC-76rBLZRoQWbgxaZ6Goo_Nfg7KEwtiue9HVw1fqeSNFJ670aaTR3N137OFxsVlGVuRVSAtBni-0eeaq-nQBb9dex-9-hqKwLYZDhK0l96_FtX4rzP_Px/s320/IMG_4050.JPG" width="320" /></a></div>
<br />
<div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
It might surprise you that it isn’t always the villages
around Warminster or the perceived desirable Warminster streets where properties
sell and let the quickest. Quite often, it’s about access to the best transport
links. I mean, there is a reason why one of the most popular property
programs on television is called Location, Location, Location!<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
As an agent in Warminster, I am frequently confronted with
queries about the Warminster property market, and most days I am
asked, “What is the best part of Warminster, or best village to live in
these days?”, chiefly from new-comers. Now the answer is different for each person
– a lot depends on the demographics of their family, their age, schooling
requirements and interests etc. Nonetheless, one of the principal necessities
for most tenants and buyers is ease of access to transport links,
including public transport – of which the railways are very important.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Official
figures recently released state that, in total, 522 people jump on a train each
and every day from Warminster Train station. Of those, 124 are season ticket
holders. That’s a lot of money being spent when a season ticket, standard
class, to Bristol is £2,252 a year. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyjNdf3BKGbZC0S4mG6J_ZsfJ4wQ4D4JviljBOC-uKPm4vAHAqeMtd2yUbxqHjTAGons7F6fVPPehqt3YK_Icq-BBAnvgvgDkHQ3K8vfoCLJR8nXFgFOY1pICL40D-uvtJ5V27mV0MZBG8/s1600/163+graphic+1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="850" data-original-width="1600" height="169" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyjNdf3BKGbZC0S4mG6J_ZsfJ4wQ4D4JviljBOC-uKPm4vAHAqeMtd2yUbxqHjTAGons7F6fVPPehqt3YK_Icq-BBAnvgvgDkHQ3K8vfoCLJR8nXFgFOY1pICL40D-uvtJ5V27mV0MZBG8/s320/163+graphic+1.jpg" width="320" /></a></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
So, if up to £279,250
is being spent on rail season tickets each year from Warminster, those
commuters must have good jobs and incomes to allow them to afford that season
ticket in the first place. That means demand for middle to upper market
properties remains strong in Warminster and the surrounding area and so, in
turn, these are the type of people whom are happy to invest in the Warminster buy
to let market – providing homes for the tenants of Warminster… <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-size: 14pt;">The bottom line is that property values in Warminster would be much
lower, by at least 1% to 2%, if it wasn’t for the proximity of the railway
station and the people it serves in the town<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
And this isn’t a flash in the pan. Rail is becoming
increasingly important as the costs associated with car travel
continue to rise and roads are becoming more and more congested. This has
resulted in a huge surge in rail travel. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Overall usage
of the station at Warminster has increased over the last 20 years. In 1997, a
total of 206,409 people went through the barriers or connected with another
train at the station in that 12-month period. However, in 2016, that figure had
risen to 379,830 people using the station (that’s 1,043 people a day).<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
The juxtaposition of the property and the train station has
an important effect on the value and saleability of a Warminster property. It
is also significant for tenants - so if you are a Warminster buy to let investor
looking for a property - the distance to and from the railway station
can be extremely significant. <o:p></o:p></div>
<br />
<div class="MsoNormal">
One of the first things house buyers and tenants do
when surfing the web for somewhere to live is find out the proximity of a
property to the train station. That is why Rightmove displays the distance
to the railway station alongside each and every property on their website. <o:p></o:p></div>
Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-11376736478210230922017-06-14T10:01:00.000-07:002017-06-14T10:01:55.077-07:00Should the 2,808 home owning OAP’s of Warminster be forced to downsize?<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie882rw8fkn70ujCHRIuX3GB80-PYudSn9-kvOBvSQn2MUfSVjZxvgkJ0rphdhL73bgUOloKjWbjPPm3TvsYD3jEN9zhai8r9EDYUo__JHd6D_MRrV2lEQyoZogiUwVcP8bcIS2Jd9fr4J/s1600/IMG_4058.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1066" data-original-width="1600" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie882rw8fkn70ujCHRIuX3GB80-PYudSn9-kvOBvSQn2MUfSVjZxvgkJ0rphdhL73bgUOloKjWbjPPm3TvsYD3jEN9zhai8r9EDYUo__JHd6D_MRrV2lEQyoZogiUwVcP8bcIS2Jd9fr4J/s320/IMG_4058.JPG" width="320" /></a></div>
<div class="p2">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><br /></span></div>
<div class="p2">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">This
was a question posed to me a few weeks ago, after reading one of my articles.
After working hard for many years and buying a home for themselves and their
family, the children have subsequently flown the nest and now they are left to
rattle round in a big house. Many feel trapped in their big homes (hence I
dubbed these Warminster home owning mature members of our society, ‘Generation
Trapped’).<o:p></o:p></span></div>
<div class="p2">
<br /></div>
<div class="p2">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">So,
should we force OAP Warminster homeowners to downsize?<o:p></o:p></span></div>
<div class="p2">
<br /></div>
<div class="p2">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Well
in a previous article, I suggested that we as a society should encourage,
through building, tax breaks and social acceptance that it’s a good thing to
downsize. But should the Government force OAP’s?<o:p></o:p></span></div>
<div class="p2">
<br /></div>
<div class="p2">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Well,
one of the biggest reasons OAP’s move home is health (or lack of it).<o:p></o:p></span></div>
<div class="p2">
<br /></div>
<div class="p2">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Looking
at the statistics for Warminster, of the 2,808 homeowners who are 65 years and
older, whilst 1,661 of them described themselves in good or very good health, a
sizeable 894 home owning OAPs described themselves as in fair health and 253 in
bad or very bad health.<o:p></o:p></span></div>
<div class="p2">
<br /></div>
<div align="center" class="p2" style="text-align: center;">
<b><span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">9.01%
of Warminster home owning OAP’s are in poor health<o:p></o:p></span></b></div>
<div class="p2">
<br /></div>
<div class="p2">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">But
if you look at the figures for the whole of Wiltshire Council (not just Warminster),</span><span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> </span><span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">there are only 2,482
specialist retirement homes that one could buy (if they were in fact for sale)
and 3,259 homes available to rent from the Council and other specialist
providers (again- you would be waiting for dead man’s shoes to get your foot in
the door) and many older homeowners wouldn’t feel comfortable with the idea of
renting a retirement property after enjoying the security of owning their own
home for most of their adult lives.<o:p></o:p></span></div>
<div class="p2">
<br /></div>
<div class="p1">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">My
intuition tells me the majority ‘would be’ Warminster downsizers could
certainly afford to move but are staying put in bigger family homes because
they can't find a suitable smaller property. The fact is there simply
aren’t enough bungalows for the healthy older members of the Warminster
population, and specialist retirement properties for the ones who aren’t in
such good health ... <b>so,</b> <b><i>we
need to build more appropriate houses in Warminster.<o:p></o:p></i></b></span></div>
<div class="p1">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><b><i><br /></i></b></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEja7qzWKMcc6zAwdDVBkqzzIO_XHrFQhwdAIGacGZYx9yCiQ5DpfJuEzkngXEjR9Jvf712cmSg-FV3gkz2QqakbiR1y_pcX_JoMup_j_3IVMVhlGlRF1KLiyKrw5H5AA1SlRl7fA9Kv0d88/s1600/164+pic.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="822" data-original-width="1600" height="164" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEja7qzWKMcc6zAwdDVBkqzzIO_XHrFQhwdAIGacGZYx9yCiQ5DpfJuEzkngXEjR9Jvf712cmSg-FV3gkz2QqakbiR1y_pcX_JoMup_j_3IVMVhlGlRF1KLiyKrw5H5AA1SlRl7fA9Kv0d88/s320/164+pic.jpg" width="320" /></a></div>
<div class="p1">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><b><i><br /></i></b></span></div>
<div class="p1">
<br /></div>
<div class="p2">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-hansi-theme-font: minor-latin;">The Government's Housing
White Paper, published a few weeks ago, could have solved so many problems with
the UK housing market, including the issue of homing our aging population.
Instead, it ended up feeling annoyingly ambiguous. </span><span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Forcing our
older generation to move with such measures as a punitive taxation (say a tax
on wasted bedrooms for people who are retired) would be the wrong thing to do.
Instead of the stick – maybe the Government could use the carrot tactics and
offer tax breaks for downsizers. Who knows – but something has to happen?<o:p></o:p></span></div>
<div class="p2">
<br /></div>
<div class="p2">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">..
and come to think about it, isn’t the word ‘downsize’ such an awful word? I prefer to use the word ‘decent-size’ instead
of ‘down-size’- as the other phrase feels like they are lowering themselves, as
though they are having to downgrade themselves in their retirement (and let’s
be frank – no one likes to be downgraded). <o:p></o:p></span></div>
<div class="p2">
<br /></div>
<div class="p3">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-hansi-theme-font: minor-latin;">The simple fact is we are
living longer as a population and constantly growing with increased birth rates
and immigration. So, what I would say to all the homeowners and property owning
public of Warminster is ... more houses and apartments need to be built in the Warminster
area. But particular attention needs to be given to providing decent sized accommodation
for the older generation, especially more bungalows. The Government had a
golden opportunity with the White Paper – and were sadly found lacking.<o:p></o:p></span></div>
<div class="p3">
<br /></div>
<div class="p3">
<span style="color: windowtext; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-hansi-theme-font: minor-latin;">And a message to my Warminster
property investor readers whilst this issue gets sorted in the coming decade(s)
– maybe seriously consider adding bungalows
to your portfolio – people will pay handsomely for them – be they for sale or
even rent. <o:p></o:p></span></div>
<br />
<div class="p3">
<br /></div>
Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-46896610686375253052017-05-19T08:51:00.003-07:002017-05-19T08:51:46.616-07:00Warminster rents rise by 19.6% since 2005<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg59228JL31jOcH8PwgV9cRuwLJzrNnIvuwApglWycMHuhFEOv1-TKk3jOwUQ5JVXwYWSP8MFLd4sFujvFJDYYvkAQqPuDAk6duoN8kmyqUfud0b0YSQEx5h9FLC_PchcT9nLc77jb_3LRo/s1600/IMG_4050.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg59228JL31jOcH8PwgV9cRuwLJzrNnIvuwApglWycMHuhFEOv1-TKk3jOwUQ5JVXwYWSP8MFLd4sFujvFJDYYvkAQqPuDAk6duoN8kmyqUfud0b0YSQEx5h9FLC_PchcT9nLc77jb_3LRo/s320/IMG_4050.JPG" width="320" /></a></div>
<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-weight: bold;"><br /></span></div>
<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-weight: bold;">The Warminster Property Market is a
very interesting animal and has been particularly fascinating over the last 12
years when we consider what has happened to Warminster rents and house prices. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: "Helvetica Neue";">There’s currently much talk of what will happen to the rental
property market following Brexit. To judge that, I believe we must look what
happened in the 2008/9 credit crunch (and what has happened since) to judge
rationale and methodically, and the possible ramifications for long-term
investors in the Warminster property market. You see, an important, yet
overlooked measure is the performance of rental income vs house prices (i.e.
the resultant yields over time). In Warminster (as for the rest of Great
Britain), notwithstanding a slight drop in 2008 and 2009, property rentals have
been gradually increasing.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: "Helvetica Neue";">The income from rentals has been progressively increasing over
the last 12 years. Today, they are 19.6% higher than they were at the beginning
of 2005. In fact, over the last five years, the average growth has been 1.7%
per annum. From a landlord’s point of view, increase in average rental
income is not to be sneered at. However, the observant readers will
be noting that we are ignoring an important factor – our friend inflation.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-weight: bold;">Turn the clock back to 2005, and we
have a property being rented for say </span><span style="color: #353535; mso-bidi-font-family: "Helvetica Neue";">£900 a month and that is still being rented at
£900 a month today, in Spring of 2017. While the landlord is not getting any
less income, this £900 is no longer worth as much. Let me explain, in 2005, £900
may have bought a two-week 4* holiday in Italy. Yet, holidays have increased in
line with inflation (which has been 38.5% since 2005), so our holiday would
cost today £1,246 <i>(£900 + 38.5% inflation
= £1,246</i>). Therefore, the landlord could no longer afford the same holiday,
even though having the same amount in pound notes from their rental property.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: "Helvetica Neue";"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEif_JvcQyDeo_xT-gSMpHDLx8D02KHxBl8iMkTSuYACrO7gDmo9IyVoZ4Vl7chfatN0JgiE-n0C3OYXgy6nRUMgqw2_NbYYmR91P0Yhf54tmDA0fNpCLqSUf9QIc_Q2pzfjMfSRQqmXGpld/s1600/162+image+3.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="183" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEif_JvcQyDeo_xT-gSMpHDLx8D02KHxBl8iMkTSuYACrO7gDmo9IyVoZ4Vl7chfatN0JgiE-n0C3OYXgy6nRUMgqw2_NbYYmR91P0Yhf54tmDA0fNpCLqSUf9QIc_Q2pzfjMfSRQqmXGpld/s320/162+image+3.jpg" width="320" /></a></div>
<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: "Helvetica Neue";"><br /></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: "Helvetica Neue";">This means when we compare rents in Warminster to inflation
since 2005, Warminster landlords are worse off today, when they receive their
monthly rental income, than they were in 2005 by 18.9% <b>in real terms</b> (<i>rents increased
by 19.6% since 2005, less the 38.5% inflation since 2005 – net affect 18.9%
drop</i>) <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: "Helvetica Neue";">However, rental income is not the only way to generate money
from property as property values can increase. Although in the short term, cash
flows are diminishing, many Warminster landlords may be content to accept that
for a colossal increase in capital value.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div align="center" class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-align: center; text-autospace: none;">
<b><span style="color: #353535; font-size: 14.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">Property values in Warminster have risen by 30.7%
since 2005<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: "Helvetica Neue";">This equates to a reasonably salubrious 2.56% per annum increase
over the last 12 years. Even more interesting that this includes the 2008/9
property crash, this will make those Warminster landlords and investors feel a
little better about the information regarding rents after inflation.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-weight: bold;">Moving forward, the prospects of
making easy money on buy to let in Warminster have diminished, when compared to
2005. Last decade, making money from buy to let was as easy as falling off a
log – but not anymore.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: "Helvetica Neue";">It would be true to say, my rental income verses property prices
study does lead to noteworthy thoughts. I am often asked to look at my
landlord’s rental portfolios, to ascertain the spread of their investment
across their multiple properties. It’s all about judging whether what you have
will meet your needs of the investment in the future. It’s the balance of
capital growth and yield whilst diversifying this risk.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<br />
<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: "Helvetica Neue";">If you are investing in the Warminster property market, do your
homework and do it well. While some yields may look attractive, there are
properties in many areas that do not have the solid rudiments in place to
sustain them. If you are looking for capital growth, you might be surprised
where the hidden gems really are. Take advice, even ask your agent for a
portfolio analysis like I offer my landlords. <o:p></o:p></span></div>
Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-88220749007562996572017-05-12T06:22:00.003-07:002017-05-12T06:22:47.757-07:00What will the General Election do to 4,927 Warminster Homeowners?<div class="p1">
<br /></div>
<div class="p1">
<span style="font-family: Calibri, sans-serif; font-size: 12pt;">In Warminster,
of </span><span style="color: windowtext; font-family: Calibri, sans-serif; font-size: 12pt;">the
7,543</span><span style="font-family: Calibri, sans-serif; font-size: 12pt;"> households,
2,606 homes are owned without a mortgage and 2,321 homes are owned by a
mortgage. Many homeowners have made contact me with asking what the General
Election will do the Warminster property market? The best way to tell the future is to look at
the past.</span></div>
<div class="p1">
<br /></div>
<div class="p1">
<span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">I have looked
over the last five general elections and analysed in detail what happened to
the property market on the lead up to and after each general election. Some
very interesting information has come to light.<o:p></o:p></span></div>
<div class="p1">
<br /></div>
<div class="p1">
<span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Of the last
five general elections (1997, 2001, 2005, 2010 and 2015), the two elections
that weren’t certain were the last two (2010 with the collation and 2015 with
unexpected Tory majority). Therefore, I wanted to compare what happened in
1997, 2001 and 2005 when Tony Blair was guaranteed to be elected/re-elected
versus the last knife edge uncertain votes of 2010 and 2015 ... in terms of the
number of houses sold and the prices achieved.<o:p></o:p></span></div>
<div class="p1">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Look at the first graph below comparing
the number of properties sold and the dates of the general elections<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZ8Zj4M3DLgEmVo6R2XbhZ9d-O3yidvDHfuQJXeZ6AOgsX0GsYdVGdKhEWiKvywGFB__3R1hdyeYjVAC8ra83Hflt5fv_Klk3YXDGqB5csVAHjkm06lnSlFiIu1xPluq5ooV7WaHFT-QPf/s1600/168+Graph+One+%25281%2529.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="296" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZ8Zj4M3DLgEmVo6R2XbhZ9d-O3yidvDHfuQJXeZ6AOgsX0GsYdVGdKhEWiKvywGFB__3R1hdyeYjVAC8ra83Hflt5fv_Klk3YXDGqB5csVAHjkm06lnSlFiIu1xPluq5ooV7WaHFT-QPf/s400/168+Graph+One+%25281%2529.png" width="400" /></a></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">It is clear, looking at the number
of monthly transactions (the blue line), there is a certain rhythm or
seasonality to the housing market. That rhythm/seasonality has never changed
since 1995 (</span><span style="background: white; font-family: Calibri, sans-serif;">seasonality meaning the periodic
fluctuations that occur regularly based on a season - <i>i.e. you can see how </i></span><i><span style="font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">the number of properties sold dips around
Christmas, rises in Spring and Summer and drops again at the end of the year</span></i><span style="font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">).<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">To remove that seasonality, I
have introduced the red line. The red line is a 12 month ‘moving average’ trend
line which enables us to look at the ‘de-seasonalised’ housing transaction
numbers, whilst the yellow arrows denote the times of the general elections. It
is clear to see that after the 1997, 2001 and 2005 elections, there was
significant uplift in number of households sold, whilst in 2010 and 2015, there
was slight drop in house transactions (<i>i.e.
number of properties sold</i>).<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Next, I wanted to consider what
happened to property prices. In the graph below, I have used that same 12-month
average, housing transactions numbers (in red) and yellow arrows for the dates
of the general elections but this time compared that to what happened to
property values (pink line).<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioRoQHVh3OO10NrGhHqFzg8hyphenhyphen_BLQx5aYg4zQTkXlopgN1TTdLQIPOCpD9VsI0N7l_0ZgaUOuYv52IwRWTf1nHb-m3qqGNvFP5XboBeAYhodi5hFVBGoNV7oMkS79PfdcIrCDzkJF1YSLH/s1600/168+Graph+Two.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="298" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioRoQHVh3OO10NrGhHqFzg8hyphenhyphen_BLQx5aYg4zQTkXlopgN1TTdLQIPOCpD9VsI0N7l_0ZgaUOuYv52IwRWTf1nHb-m3qqGNvFP5XboBeAYhodi5hFVBGoNV7oMkS79PfdcIrCDzkJF1YSLH/s400/168+Graph+Two.png" width="400" /></a></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">It is quite clear none of the
general elections had any effect on the property values. Also, the timescales between the calling of
the election and the date itself also means that any property buyer’s indecisiveness
and indecision before the election will have less of an impact on the market.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ansi-language: EN-GB; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-GB; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">So
finally, what does this mean for the landlords of the 1,471 private rented
properties in Warminster? Well, as I have discussed in previous articles (and
just as relevant for homeowners as well) property value growth in Warminster
will be more subdued in the coming few years for reasons other than the general
election. The growth of rents has taken a slight hit in the last few months as
there has been a slight over supply of rental property in Warminster, making it
imperative that Warminster landlords are realistic with their market rents. But,
in the long term, as the younger generation still choose to rent rather than
buy ... the prospects, even with the changes in taxation, mean investing in
buy-to-let still looks a good bet. </span>Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-54240320836599792772017-04-12T06:49:00.000-07:002017-04-12T06:49:36.695-07:00‘Flipping’ Heck - Warminster Property Values Rise by £33.18 a day<div class="MsoNormal">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAOC-QhHxBI-RlawBVxWkVGT8IXvGk2QhXT232MgJDd7w_g-Aum8tTGHndurdiU27SfNYDlrp3PPUteRW4HupZYrA1tRz6eWyxERzNmU_tYZ9sbVQ_qGtveMsuuH1iNLbAvSIkiYoTGz8N/s1600/IMG_4049.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAOC-QhHxBI-RlawBVxWkVGT8IXvGk2QhXT232MgJDd7w_g-Aum8tTGHndurdiU27SfNYDlrp3PPUteRW4HupZYrA1tRz6eWyxERzNmU_tYZ9sbVQ_qGtveMsuuH1iNLbAvSIkiYoTGz8N/s320/IMG_4049.JPG" width="320" /></a></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Investing in Warminster buy to let property is different
from investing in the stock market or depositing your hard-earned cash in the
Building Society. When you invest your money in the Building Society, this is
considered by many as the safe option but the returns you can achieve are awfully
low (the best 2-year bond rate from Nationwide is a whopping 0.75% a year!). Another
investment is the Stock Market, which can give good returns, but unless you are
on the phone every day to your Stockbroker, most people invest in stock market
funds, making the investment quite hands off,
and one always has the feeling of not being in control. <i><o:p></o:p></i></div>
<div class="MsoNormal">
<i><br /></i></div>
<div class="MsoNormal">
However,<i> </i>with buy
to let, things can be more hands on. One of the things many landlords like is
the tactile nature of property - the fact that you can touch the bricks and
mortar. It is this factor that attracts many of Warminster’s landlords – they
are making their own decisions rather than entrusting them to city whizz kids
in Canary Wharf playing roulette with their savings.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
I always say
investing in property is a long-term game. When you invest in the property
market, you can earn from your investment in two ways. When a
property increases in value <b><i>over time</i></b>, it is known as<span class="apple-converted-space"> </span><strong><span style="font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: minor-latin;">'capital growth'.</span></strong><span class="apple-converted-space"> </span>Capital
growth, also known as capital appreciation, has been strong in recent times in Warminster,
but the value of property does go up as well as down just like shares do but the
initial purchase price rarely decreases. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Rental income is what the tenant pays you - hopefully this will also grow
over time. <span style="background: white;">If you divide the annual rent into
the value (or purchase price) of the property, <strong><span style="font-family: "Calibri",sans-serif; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: minor-latin;">this is your yield, or annual return. So,
</span></strong></span>over the last 5 years, an average Warminster
property has risen by £60,550 (equivalent to £33.18 a day), taking it to a
current average value of £289,800. Yields range from 5% a year and can reach
double digits’ percentages (although to achieve those sorts of returns, the
risks are higher). <strong><span style="font-family: "Calibri",sans-serif; font-weight: normal; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;"><o:p></o:p></span></strong></div>
<div class="MsoNormal">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGocIyXaMNZ2cS_mBu-CIgClxFgWAKX89-cj8FvV4ixqpEC3UE1wb2qWCJQ5cF_osHgtclLiCUqTg9ARW-q4_quB0nag9bRitjmxOK-1LBYCpjLYPOiSNUQpl3VGLtOarh4Ap_v_pyUi7s/s1600/158+image+2.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="159" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGocIyXaMNZ2cS_mBu-CIgClxFgWAKX89-cj8FvV4ixqpEC3UE1wb2qWCJQ5cF_osHgtclLiCUqTg9ARW-q4_quB0nag9bRitjmxOK-1LBYCpjLYPOiSNUQpl3VGLtOarh4Ap_v_pyUi7s/s320/158+image+2.PNG" width="320" /></a></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="background: white; font-family: Calibri, sans-serif;">However, something I haven’t
spoken of before is the more specialist area of flipping property to make
money. (<i>flipping - buying a property,
carrying out some minor cosmetics and re selling it quickly</i>). I have seen several investors recently who
have made decent returns from this strategy. For example …</span><span style="background: white; font-family: Calibri, sans-serif;"><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="background: white; font-family: Calibri, sans-serif;"><br /></span></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="font-family: Symbol;">·<span style="font-family: "Times New Roman"; font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span style="background: white; font-family: Calibri, sans-serif;">One Warminster Investor
paid £140,000 for a 2 bed terrace on Middleton Close in September 2015. Some cosmetic work was done to the property and it was resold a few
months ago (October 2016) for £165,000 … 17.86% return before costs (or compound
annual return equivalent of 16.76% AER) </span><span style="background: white; mso-bidi-font-family: Arial;"><a href="http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=61671398&sale=4437082&country=england">http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=61671398&sale=4437082&country=england</a></span><span style="background: white; font-family: Calibri, sans-serif;"><o:p></o:p></span></div>
<div class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-indent: -18.0pt;">
<br /></div>
<div class="MsoNormal">
This demonstrates how the Warminster property market has not
only provided very strong returns for the average investor over the last five
years but how it has permitted a group of motivated buy to let Warminster
landlords and investors to become particularly wealthy. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "Calibri",sans-serif; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-GB; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">As my article mentioned a few weeks ago, more and
more Warminster people may be giving up on owning their own home and are instead
accepting long term renting whilst buy to let lending continues to grow from
strength to strength. </span></div>
Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-36471049302041546552017-04-07T07:28:00.003-07:002017-04-07T07:28:30.299-07:00How The Rented Sector Has Transformed The Property Market In Warminster<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg59228JL31jOcH8PwgV9cRuwLJzrNnIvuwApglWycMHuhFEOv1-TKk3jOwUQ5JVXwYWSP8MFLd4sFujvFJDYYvkAQqPuDAk6duoN8kmyqUfud0b0YSQEx5h9FLC_PchcT9nLc77jb_3LRo/s1600/IMG_4050.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg59228JL31jOcH8PwgV9cRuwLJzrNnIvuwApglWycMHuhFEOv1-TKk3jOwUQ5JVXwYWSP8MFLd4sFujvFJDYYvkAQqPuDAk6duoN8kmyqUfud0b0YSQEx5h9FLC_PchcT9nLc77jb_3LRo/s320/IMG_4050.JPG" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="p2">
<span style="font-size: 12.0pt;">The Warminster housing market has
gone through a sea of change in the past decades with the Buy-to-Let (B-T-L) sector
evolving as a key trend, for both Warminster tenants and Warminster landlords.<o:p></o:p></span></div>
<div class="p2">
<br /></div>
<div class="p2">
<span style="font-size: 12.0pt;">A few weeks ago, the Government
released a White Paper on housing. I have had a chance now to digest the report
and wish to offer my thoughts on the topic. It was interesting that the private
rental sector played a major part in the future plans for housing. This is especially
important for our growing Warminster population.<o:p></o:p></span></div>
<div class="p2">
<br /></div>
<div align="center" class="p2" style="text-align: center;">
<span style="font-size: 16.0pt; mso-bidi-font-size: 12.0pt;">In 1981, the population of Wiltshire stood at 375,200<o:p></o:p></span></div>
<div align="center" class="p2" style="text-align: center;">
<span style="font-size: 16.0pt; mso-bidi-font-size: 12.0pt;">and today it stands at 486,100.<o:p></o:p></span></div>
<div class="p2">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFo32GGglSwiNG472zMRYZy9T5MIgqJ_Yt2gR5p-oiiEj80OAgPIUern5qznzu_6RhULiuMljXd7QRJmvjIjneAuPcUvbavpOS4tnxFa0LFSS0xsr7wz0woNt6M1ec5mveQYc8Lc8xtc1J/s1600/157+graph.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="257" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFo32GGglSwiNG472zMRYZy9T5MIgqJ_Yt2gR5p-oiiEj80OAgPIUern5qznzu_6RhULiuMljXd7QRJmvjIjneAuPcUvbavpOS4tnxFa0LFSS0xsr7wz0woNt6M1ec5mveQYc8Lc8xtc1J/s320/157+graph.jpg" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="p2">
<span style="font-size: 12.0pt;">Currently, the private rented (B-T-L)
sector accounts for 19.5% of households in the town. The Government want to assist people living
in the houses and help the economy by encouraging the provision of quality
homes, in a housing sector that has grown due to worldwide economic forces,
pushing home ownership out of the reach of more and more people. Interestingly,
when we look at the 1981 figures for homeownership, a different story is told.<o:p></o:p></span></div>
<div class="p2">
<br /></div>
<div align="center" class="p2" style="text-align: center;">
<span style="font-size: 12.0pt;">57.2%
Warminster people owned their own home in 1981<o:p></o:p></span></div>
<div align="center" class="p2" style="text-align: center;">
<span style="font-size: 12.0pt;">26.13%
Warminster people rented from the Council or Housing Association in 1981<o:p></o:p></span></div>
<div align="center" class="p2" style="text-align: center;">
<span style="font-size: 12.0pt;"> and 16.67% Warminster rented from a Private Landlord
<span style="background: yellow; mso-highlight: yellow;"><o:p></o:p></span></span></div>
<div class="p2">
<br /></div>
<div class="p2">
<span style="font-size: 12.0pt;">The significance of a suitable
housing policy is vital to ensure suitable economic activity and create a vibrant
place people want to live in. With the population of Wiltshire set to grow to 537,000
by 2037 – it is imperative that Wiltshire Council and Central Government all
work actively together to ensure the residential property market doesn’t hold
the area back, by encouraging the building and provision of quality homes for
its inhabitants.<o:p></o:p></span></div>
<div class="p2">
<br /></div>
<div class="p2">
<span style="font-size: 12.0pt;">One idea the Government has
proclaimed is a variety of measures aimed at encouraging the Build-to-Rent (B-T-R)
sector (instead of the B-T-L sector). These include allowing local authorities
to proactively plan for B-T-R schemes, and making it simpler for B-T-R
developers to offer inexpensive private rented homes.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #454545; font-family: "Helvetica Neue"; mso-bidi-font-family: "Times New Roman"; mso-fareast-language: EN-GB;">To do this, the
government will invent a distinct affordable housing class for B-T-R, called ‘Affordable
Private Rent’, which will oblige new homes builders to provide at least 1 in 5
of a new home developments at a 20% discount on open-market rents and three
year tenancies for tenants. In return, the new homebuilders will get better
planning assurances. <o:p></o:p></span></div>
<div class="p2">
<br /></div>
<div class="p2">
<span style="font-size: 12.0pt;">Private landlords will not be
expected to offer discounts, nor offer 3-year tenancies – but it is something Warminster
landlords need to be aware of as there will be greater competition for tenants.<o:p></o:p></span></div>
<div class="p2">
<br /></div>
<div class="p2">
<span style="font-size: 12.0pt;">Over the last ten years, home
ownership has not been a primary goal for young adults as the world has changed.
These youngsters expect ‘on demand’ services from click and collect, Amazon, Dating
Apps and TV with the likes of Netflix. </span><span lang="EN-US" style="color: #191919; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: Calibri;">Many Warminster youngsters see that renting more than meets their
accommodation needs, as it combines the freedom from a lifetime of property
maintenance and financial obligations, making it an attractive lifestyle
option.</span><span style="font-size: 12.0pt;"><o:p></o:p></span></div>
<div class="p2">
<br /></div>
<div class="p2">
<span style="font-size: 12.0pt;">Private rented housing in Warminster
and Wiltshire, be it B-T-L or B-T-R, has the prospective to play a very
positive role. <o:p></o:p></span></div>
<br />
<div class="p2">
<br /></div>
Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-24239519821313702892017-03-24T04:59:00.001-07:002017-03-24T04:59:33.890-07:00Warminster’s ‘Generation Trapped’ and the £1.48bn legacy <div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAOC-QhHxBI-RlawBVxWkVGT8IXvGk2QhXT232MgJDd7w_g-Aum8tTGHndurdiU27SfNYDlrp3PPUteRW4HupZYrA1tRz6eWyxERzNmU_tYZ9sbVQ_qGtveMsuuH1iNLbAvSIkiYoTGz8N/s1600/IMG_4049.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAOC-QhHxBI-RlawBVxWkVGT8IXvGk2QhXT232MgJDd7w_g-Aum8tTGHndurdiU27SfNYDlrp3PPUteRW4HupZYrA1tRz6eWyxERzNmU_tYZ9sbVQ_qGtveMsuuH1iNLbAvSIkiYoTGz8N/s320/IMG_4049.JPG" width="320" /></a></div>
<br />
<div class="p1">
<span style="font-family: Calibri, sans-serif; font-size: 12pt;">Last week, I wrote an article on the plight of the Warminster
20 something’s often referred to by the press as ‘Generation Rent’. Attitudes
to renting have certainly changed over the last twenty years and as my analysis
suggested, this change is likely to be permanent. In the article, whilst a
minority of this Generation Rent feel trapped, the majority don’t – making
renting a choice not a predicament. The Royal Institution of Chartered
Surveyors (RICS) predicted that the private rental sector is likely to grow substantially
by 1.8m households across the UK in the next 8 years, with demand for rental
property unlikely to slow and newly formed households continuing to choose the
rental market as opposed to buying.<o:p></o:p></span></div>
<div class="p1">
<br /></div>
<div class="MsoNormal">
However, my
real concern for Warminster homeowners and Warminster landlords alike, as I
discussed a couple of months ago, is our mature members of the population of Warminster.
In that previous article, I stated that the current OAP’s (65+ yrs in age) in Warminster
were sitting on £719.7m of residential property ... however, I didn’t talk in
depth about the ‘Baby Boomers’, the 50yr to 64yr old Warminster people and what
their properties are worth – and more importantly, how the current state of
affairs could be holding back those younger Generation Renters.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
In Warminster,
there are 1,358 households whose owners are aged between 50yrs and 64yrs and
about to pay their mortgage off. That property is worth, in today’s prices, £392.7m.
There are an additional 1,294 mortgage free Warminster households, owned by
50yr to 64yr olds, worth £374.2m in today’s prices, meaning...<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="font-size: 14pt;">Warminster Baby Boomers and Warminster OAP’s are sitting </span></b><b><span style="font-size: 20pt;"><o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="font-size: 14pt;">on £1.48bn worth of Warminster Property<o:p></o:p></span></b></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="font-size: 14pt;"><br /></span></b></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUbH5WOcLTE_xjdJVohP1GaxOBlCiIcdmif8gIHaJzwvCqcIfsKvR9g_Nrh4FB3qDaLcwixDrXZLhDGH_5LDqcpu5qw_joFq0l9jG-OnZZA3lGlBfKQfJ8NF8MJhlUzVpXmtw690TOTg-9/s1600/Generation+Trapped+Pic+1.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="159" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUbH5WOcLTE_xjdJVohP1GaxOBlCiIcdmif8gIHaJzwvCqcIfsKvR9g_Nrh4FB3qDaLcwixDrXZLhDGH_5LDqcpu5qw_joFq0l9jG-OnZZA3lGlBfKQfJ8NF8MJhlUzVpXmtw690TOTg-9/s320/Generation+Trapped+Pic+1.PNG" width="320" /></a></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="font-size: 14pt;"><br /></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
These Warminster
Baby Boomers and OAP’s are sitting on 5,141 Warminster properties and many of
them feel trapped in their homes, and hence I have dubbed them ‘Generation
Trapped’. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Recently, the
English Housing Survey stated 49% of these properties owned by the Generation
Trapped, as I have dubbed them, are ‘under-occupied’ (under-occupied classed as
having at least two bedrooms more than needed). These houses could be better
utilised by younger families, but research carried out by the Prudential
suggest in Britain it’s estimated that only one in ten older people downsize
while in the USA for example one in five do so. <o:p></o:p></div>
<div class="p1">
<br /></div>
<div class="p1">
<span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">The growing
numbers of older homeowners who want to downsize their home are often put off
by the difficulties of moving. The charity United for all Ages, suggested
recently many are put off by the lack of housing options, 19% by the hassle and
cost of moving, 14% by having to declutter their possessions and 14% by family
reasons such as staying close to children and grandchildren.<o:p></o:p></span></div>
<div class="p1">
<br /></div>
<div class="p1">
<span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Helping mature
Warminster (and the Country) homeowners to downsize at the right time will also
enable younger Warminster people to find the homes they need – meaning every
generation wins, both young and old. However, to ensure downsizing works, as a
Country, we need more choices for these ‘last time buyers’.<o:p></o:p></span></div>
<div class="p1">
<br /></div>
<br />
<div class="p1">
<span style="font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Theresa May
and Philip Hammond can do their part and consider stamp duty tax breaks for
downsizers, our local Council in Warminster and the Planning Dept. should play
their part, as should landlords and property investors to ensure Warminster’s
‘Generation Trapped’ can find suitable property locally, close to friends,
family and facilities. <o:p></o:p></span></div>
Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-83470384908355797222017-03-17T05:40:00.002-07:002017-03-17T05:40:35.766-07:00‘Generation Rent (Forever)’ – 1,420 Warminster Tenants have no intention of ever buying a property to call home<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg59228JL31jOcH8PwgV9cRuwLJzrNnIvuwApglWycMHuhFEOv1-TKk3jOwUQ5JVXwYWSP8MFLd4sFujvFJDYYvkAQqPuDAk6duoN8kmyqUfud0b0YSQEx5h9FLC_PchcT9nLc77jb_3LRo/s1600/IMG_4050.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg59228JL31jOcH8PwgV9cRuwLJzrNnIvuwApglWycMHuhFEOv1-TKk3jOwUQ5JVXwYWSP8MFLd4sFujvFJDYYvkAQqPuDAk6duoN8kmyqUfud0b0YSQEx5h9FLC_PchcT9nLc77jb_3LRo/s320/IMG_4050.JPG" width="320" /></a></div>
<br />
<div class="MsoNormal">
The good old days of the 1970’s and 1980’s eh … with such <s>highlights</s>
lowlights as 24% inflation, 17% interest rates, 3 day working week, 13%
unemployment, power cuts ... those were the days (not)… but at least people
could afford to buy their own home. So why aren’t the 20 and 30 something’s
buying in the same numbers as they were 30 or 40 years ago?<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Many people blame the credit crunch and global recession of
2008, which had an enormous impact on the Warminster (and UK) housing market. Predominantly,
the 20 something first-time buyers who, confronting a problematic mortgage
market, the perceived need for big deposits, reduced job security and declining
disposable income, discovered it challenging to assemble the monetary means to
get on to the Warminster property ladder.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
However, I would say there has been something else at play
other than the issue of raising a deposit - having sufficient income and rising
property prices in Warminster. Whilst these are important factors and barriers
to homeownership, I also believe there has been a generational change in
attitudes towards home ownership.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Back in 2011, the Halifax did a survey of thousands of
tenants and 19% of tenants said they had no plans to buy a home for themselves.
A recent, almost identical survey of tenants, carried out by The Deposit
Protection Service revealed, in late 2016, that figure had risen to 38.4%, with
many no-longer equating home ownership to success and believing renting to be
better suited to their lifestyle. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
You see, I believe renting is a fundamental part of the
housing sector, and a meaningful proportion of the younger adult members of the
Warminster population choose to be tenants as it better suits their plans and
lifestyle. Local Government in Warminster (including the planners – especially
the planners), land owners and landlords need an adaptable Warminster residential
property sector that allows the diverse choices of these Warminster 20 and 30
year olds to be met.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzu3f4stUFlopfhU1kXyG2wTxRya_LEje2qSi7k9MKIY8ssyOFp85Ya_oy8w0-YUf8g7KJ1ItQS570eAdM0d712q6_rV51oeK2ksz3KlZWpaKDH1b6v_t4RA7KSE8oL2okuARQoKyMsD_n/s1600/155+pic+1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="190" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzu3f4stUFlopfhU1kXyG2wTxRya_LEje2qSi7k9MKIY8ssyOFp85Ya_oy8w0-YUf8g7KJ1ItQS570eAdM0d712q6_rV51oeK2ksz3KlZWpaKDH1b6v_t4RA7KSE8oL2okuARQoKyMsD_n/s320/155+pic+1.jpg" width="320" /></a></div>
<div class="MsoNormal">
<o:p><br /></o:p></div>
<div class="MsoNormal">
<o:p><br /></o:p></div>
<div class="MsoNormal">
This means, if we applied the same percentages to the
current 3,697 Warminster tenants in their 1,471 private rental properties, 1,420
tenants have no plans to ever buy a property – good news for the landlords of
those 565 properties. Interestingly, in the same report, just under two thirds
(62%) of tenants said they didn’t expect to buy within the next year.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
.. but does that mean the other third will be buying in Warminster
in the next 12 months?<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<br />
<div class="MsoNormal">
Some will, but most won’t … in fact, the Royal Institution
of Chartered Surveyors (RICS) predicts that, by 2025, that the number of people
renting will increase, not drop. Yes, many tenants might hope to buy but the
reality is different for the reasons set out above. The RICS predicts the number of tenants
looking to rent will increase by 1.8 million households by 2025, as rising
house prices continue to make home ownership increasingly unaffordable for
younger generations. So, if we applied
this rise to Warminster, we will in fact need an additional 630 private rental
properties over the next eight years (or 79 a year) … meaning the number of
private rented properties in Warminster is projected to rise to an eye watering
2,101 households.<o:p></o:p></div>
Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-87169618567445067562017-03-03T06:15:00.001-08:002017-03-03T06:15:35.033-08:00Warminster Unemployment At 3.3% and its effect on the Warminster Property Market<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAOC-QhHxBI-RlawBVxWkVGT8IXvGk2QhXT232MgJDd7w_g-Aum8tTGHndurdiU27SfNYDlrp3PPUteRW4HupZYrA1tRz6eWyxERzNmU_tYZ9sbVQ_qGtveMsuuH1iNLbAvSIkiYoTGz8N/s1600/IMG_4049.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAOC-QhHxBI-RlawBVxWkVGT8IXvGk2QhXT232MgJDd7w_g-Aum8tTGHndurdiU27SfNYDlrp3PPUteRW4HupZYrA1tRz6eWyxERzNmU_tYZ9sbVQ_qGtveMsuuH1iNLbAvSIkiYoTGz8N/s320/IMG_4049.JPG" width="320" /></a></div>
<div class="p1">
<span style="color: #333333; font-family: "Arial",sans-serif; font-size: 11.0pt;"><br /></span></div>
<div class="p1">
<span style="color: #333333; font-family: "Arial",sans-serif; font-size: 11.0pt;">It was late May 2016, The </span><span class="s1"><span style="font-family: "Arial",sans-serif; font-size: 11.0pt; mso-bidi-font-weight: bold;">Right Hon</span></span><span class="s2"><span style="font-family: "Arial",sans-serif; font-size: 11.0pt;">. </span></span><span class="s1"><span style="font-family: "Arial",sans-serif; font-size: 11.0pt; mso-bidi-font-weight: bold;">Member for Tatton</span></span><span class="s2"><span style="font-family: "Arial",sans-serif; font-size: 11.0pt;">, Mr George Osborne, </span></span><span style="color: #333333; font-family: "Arial",sans-serif; font-size: 11.0pt;">published
an official HM Treasury analysis stating UK house prices would be lower by at
least 10% (and up to 18%) by the middle of 2018 compared with what is expected
if the UK remained in the European Union.</span><span style="font-family: "Arial",sans-serif; font-size: 11.0pt;"> So, eight months on from the Referendum, are
we beginning to show signs of that prophecy? The simple answer is yes and no.<o:p></o:p></span></div>
<div class="p1">
<br /></div>
<div class="p1">
<span style="font-family: "Arial",sans-serif; font-size: 11.0pt;">Good
barometers of the housing market are the share prices of the big UK builders.
Much was made of Barratt’s share price dropping by 42.5% in the two weeks after
Brexit, along with Taylor Wimpey’s equally eye watering drop in the same two
weeks by 37.9%. Looking at the most recent set of data from the Land Registry,
property values in Warminster are 0.25% up month on month, but the previous
month, property values had decreased by 0.35% – so is this the time to panic and run for the
hills? <o:p></o:p></span></div>
<div class="p1">
<br /></div>
<div class="p1">
<span style="font-family: "Arial",sans-serif; font-size: 11.0pt;">Doom
and Gloom then? Well, let me consider the other side of the coin.<o:p></o:p></span></div>
<div class="p1">
<br /></div>
<div class="p1">
<span style="font-family: "Arial",sans-serif; font-size: 11.0pt;">Well,
as I have spoken about many times in my blog, it is dangerous to look at short
term. I have mentioned in several recent articles, the heady days of the Warminster
property prices rising quicker than a thermometer in the desert sun between the
years 2011 and late 2016 are long gone – and good riddance. Yet it might
surprise you during those impressive years of house price growth, the growth
wasn’t smooth and all upward. Warminster property values dropped by 1.38% in November
2012 and 1.22% in December 2014 – and no one batted an eyelid then.<o:p></o:p></span></div>
<div class="p1">
<br /></div>
<div class="p1">
<span style="font-family: "Arial",sans-serif; font-size: 11.0pt;">You
see, property values in Warminster are still 9.39% higher than a year ago,
meaning the average value of a Warminster property today is £277,950. Even the
shares of those new home builders Barratt have increased by 43.3% since early
July and Taylor Wimpey’s have increased by 37.3%. The Office for Budget
Responsibility, the Government Spending Watchdog, recently revised down its
forecast for house-price growth in the coming years - but only slightly. <o:p></o:p></span></div>
<div class="p1">
<br /></div>
<div class="p1">
<span style="font-family: "Arial",sans-serif; font-size: 11.0pt;">The Warminster
housing market has been steadfast partly because, so far at least, the wider
economy has performed better than expected since Brexit. There is a robust link
between the unemployment rate and property prices, and a flimsier one with wage
growth. Unemployment in the Wiltshire Council area stands at 8,400 people (3.3%),
which is considerably better than a few years ago in 2013 when there were 12,900
people unemployed (5.4%) in the same council area. <o:p></o:p></span></div>
<div class="p1">
<span style="font-family: "Arial",sans-serif; font-size: 11.0pt;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXdH8EpOSr-MHCQOgh9bOu-PeFi4b8oXUFX_UCTRn_Spn3xfalB0LE7iwD7QgwGomC7_MBZ_i_vA8t3b1ao8O6mz_WEABFmGJ7BQNgQZgIxsYstSnKl5WcXggW64-FsMD8xi6mTEBkNqbY/s1600/graph+151.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="239" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXdH8EpOSr-MHCQOgh9bOu-PeFi4b8oXUFX_UCTRn_Spn3xfalB0LE7iwD7QgwGomC7_MBZ_i_vA8t3b1ao8O6mz_WEABFmGJ7BQNgQZgIxsYstSnKl5WcXggW64-FsMD8xi6mTEBkNqbY/s320/graph+151.jpg" width="320" /></a></div>
<div class="p1">
<span style="font-family: "Arial",sans-serif; font-size: 11.0pt;"><br /></span></div>
<div class="p1">
<br /></div>
<div class="p1">
<span style="font-family: Arial, sans-serif;"><span style="font-size: 11pt;">However,
inflation is the only thing that does worry me. Looking at all the pundits, it
will get to at least 3% (if not more) in the latter part of 2017 as the drop in
Sterling in late 2016 renders our imports with higher prices. If that transpires
then the Bank of England, whose target for inflation is 2%, may raise interest
rates from 0.25% to 2%+. However, that won’t be so much of an issue as 81.6% of
new mortgages in the UK in the last two years have been fixed-rate and who </span><span style="font-size: 14.6667px;">among</span><span style="font-size: 11pt;"> us can remember 1992 with Interest rates of 15%! <o:p></o:p></span></span></div>
<div class="p1">
<br /></div>
<br />
<div class="p1">
<span style="font-family: "Arial",sans-serif; font-size: 11.0pt;">Forget
Brexit and yes inflation will be a thorn in the side – but the greatest risk to
the Warminster (and British) property market is that there are simply not
enough properties being built thus keeping house prices artificially high. Good
news for those on the property ladder, but not for those first-time buyers that
aren’t! In the coming weeks in my articles on the Warminster Property Market, I
will discuss this matter further! <o:p></o:p></span></div>
Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-42569384733402424642017-02-19T05:16:00.003-08:002017-02-19T05:16:45.824-08:00£1.61bn – The total value of all Warminster Property Market<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6v5W1An2J9a7yIegJd9WwBIwezjW006Xc6v0kEsA1_fbAxdCfMYAf4rK1oX166HW3x5JapLSiBH5bosWD2pAAN-V6GWKfGDL5uAMPfbwTyp4prW-xXPdeYFfbrTE2Ae0SWCLqVf60MVWK/s1600/IMG_4058.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6v5W1An2J9a7yIegJd9WwBIwezjW006Xc6v0kEsA1_fbAxdCfMYAf4rK1oX166HW3x5JapLSiBH5bosWD2pAAN-V6GWKfGDL5uAMPfbwTyp4prW-xXPdeYFfbrTE2Ae0SWCLqVf60MVWK/s320/IMG_4058.JPG" width="320" /></a></div>
<div class="MsoNormal">
<i><span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue";"><br /></span></i></div>
<div class="MsoNormal">
<i><span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue";"><br /></span></i></div>
<div class="MsoNormal">
<i><span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue";">“How
much would it cost to buy all the properties in Warminster?”<o:p></o:p></span></i></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue";">This fascinating question was posed by the 14-year-old son of
one of my Warminster landlords when they both popped into my office. So I
thought to myself, I would sit down and calculate what the total value of all
the properties in Warminster are worth … and just for fun, work out how much
they have gone up in value since his son was born back in the autumn of 2002.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue";">In the last 14 years, since the autumn of 2002, the total value of
Warminster property has increased by 54% or £565.5 million to a total of £1.61
billion. Interesting, when you consider the FTSE100 has risen by 68.9% and
inflation (i.e. the UK Retail Price Index) rose by 38.7% during the same 14
years.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue";">When I delved deeper into the numbers, the average price
currently being paid by Warminster households stands at £200,775.… but you know
me, I wasn’t going to stop there, so I split the property market down into
individual property types in Warminster; the average numbers come out like this
..<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div align="center">
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184; width: 512px;">
<tbody>
<tr style="height: 19.7pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td colspan="4" nowrap="" style="background: #D9D9D9; border-right: solid black 1.0pt; border: solid windowtext 1.0pt; height: 19.7pt; mso-border-bottom-alt: windowtext .5pt; mso-border-left-alt: windowtext 1.0pt; mso-border-right-alt: black 1.0pt; mso-border-style-alt: solid; mso-border-top-alt: windowtext 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 384.0pt;" width="512">
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="font-size: 11pt;">Warminster Property
Market<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 49.45pt; mso-yfti-irow: 1;">
<td style="border-top: none; border: solid windowtext 1.0pt; height: 49.45pt; mso-border-bottom-alt: solid windowtext 1.0pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 96.0pt;" width="128">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-size: 11pt;">Average Value of a
Detached Property<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 49.45pt; mso-border-bottom-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 96.0pt;" width="128">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-size: 11pt;">Average Value of a
Semi-Detached Property<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 49.45pt; mso-border-bottom-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 96.0pt;" width="128">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-size: 11pt;">Average Value of a
Terraced/Town House Property<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 49.45pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 96.0pt;" width="128">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-size: 11pt;">Average Value of a
Flat / Apartment<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 40.85pt; mso-yfti-irow: 2; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid windowtext 1.0pt; height: 40.85pt; mso-border-bottom-alt: solid windowtext 1.0pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 96.0pt;" width="128">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-size: 11pt;">£304,000<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 40.85pt; mso-border-bottom-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 96.0pt;" width="128">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-size: 11pt;">£215,786<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 40.85pt; mso-border-bottom-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 96.0pt;" width="128">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-size: 11pt;">£186,163<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 40.85pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 96.0pt;" width="128">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-size: 11pt;">£78,093<o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-size: 11.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: Times;">... yet it got even more fascinating when I
multiplied the total number of each type of property by the average value. As
detached houses are more expensive, when you compare them with the much cheaper
terraced/town houses and apartments, you can quite clearly see how valuable
detached properties are in terms of total pound note value, when compared to
the value of the terraced/town houses and apartments.</span><span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue";"><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div align="center">
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184; width: 517px;">
<tbody>
<tr style="height: 58.0pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid windowtext 1.0pt; height: 58.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.0pt;" width="129">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-size: 11pt;">Total Value of all
the Warminster Detached Properties<o:p></o:p></span></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 58.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.0pt;" width="129">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-size: 11pt;">Total Value of all
the Warminster Semi-Detached Properties<o:p></o:p></span></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 58.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.0pt;" width="129">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-size: 11pt;">Total Value of all
the Warminster Terraced/Town House Properties<o:p></o:p></span></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; height: 58.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.0pt;" width="129">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-size: 11pt;">Total Value of all
the Warminster Apartments<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 58.0pt; mso-yfti-irow: 1; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid windowtext 1.0pt; height: 58.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.0pt;" width="129">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-size: 11pt;">£626,240,000<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 58.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.0pt;" width="129">
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-size: 11pt;">£571,401,328<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 58.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.0pt;" width="129">
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<span style="font-size: 11pt;">£344,960,039<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 58.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 97.0pt;" width="129">
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<span style="font-size: 11pt;">£70,049,421<o:p></o:p></span></div>
</td>
</tr>
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<span style="font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">So, what
does this all mean for Warminster? Well
as we enter the unchartered waters of 2017 and beyond, even though property
values are already declining in certain parts of the previously over cooked Central
London property market, the outlook in Warminster remains relatively good as
over the last five years, the local property market was a lot more sensible
than central London’s. <o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyNDN1ByyYY-HoTZEjtUBBFYfWNHKG9ZXxQGMV6dLr6DLRAIRhj3x4MkvijiT8cWf2muR4zu4HaPBIDmLvyW2CjvRvDIAXTJ2BMH1eNlzdMR007KCDnL7ZrF5CwONrGuQbyMdlJVoPZ9LQ/s1600/Graph+150.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="192" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyNDN1ByyYY-HoTZEjtUBBFYfWNHKG9ZXxQGMV6dLr6DLRAIRhj3x4MkvijiT8cWf2muR4zu4HaPBIDmLvyW2CjvRvDIAXTJ2BMH1eNlzdMR007KCDnL7ZrF5CwONrGuQbyMdlJVoPZ9LQ/s320/Graph+150.jpg" width="320" /></a></div>
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<span style="font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Warminster house
values will remain resilient for several reasons. Firstly, demand for rental
property remains strong with continued </span><span style="font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-fareast-font-family: "Times New Roman"; mso-hansi-theme-font: minor-latin;">immigration and population
growth. Secondly, with 0.25 per cent interest
rates, borrowing has never been so cheap and finally the simple lack of new
house building in Warminster not keeping up with current demand, let alone
eating into years and years of under investment – means only one thing – yes it
might be a bumpy ride over the next 12 to 24 months but, in the medium term,
property ownership and property investment in Warminster has always, and will
always, ride out the storm.<o:p></o:p></span></div>
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<span style="font-family: "Calibri",sans-serif; font-size: 11.0pt; mso-ansi-language: EN-GB; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-hansi-theme-font: minor-latin;">In
the coming weeks, I will look in greater detail at my thoughts for the 2017 Warminster
Property Market. </span>Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-50543625789297466522017-02-09T05:49:00.000-08:002017-02-09T05:49:25.420-08:00£8m a year black hole in the Warminster Property Market - Is Buy to Let Immoral? (Part 2) <div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAOC-QhHxBI-RlawBVxWkVGT8IXvGk2QhXT232MgJDd7w_g-Aum8tTGHndurdiU27SfNYDlrp3PPUteRW4HupZYrA1tRz6eWyxERzNmU_tYZ9sbVQ_qGtveMsuuH1iNLbAvSIkiYoTGz8N/s1600/IMG_4049.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAOC-QhHxBI-RlawBVxWkVGT8IXvGk2QhXT232MgJDd7w_g-Aum8tTGHndurdiU27SfNYDlrp3PPUteRW4HupZYrA1tRz6eWyxERzNmU_tYZ9sbVQ_qGtveMsuuH1iNLbAvSIkiYoTGz8N/s320/IMG_4049.JPG" width="320" /></a></div>
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<span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">An Englishman’s Home is
His Castle as Maggie Thatcher lauded - everyone should own their own home. In
1971, around 50% of people owned their own home and, as the baby-boomers got
better jobs and pay, that proportion of homeowners rose to 69% by 2001.
Homeownership was here to stay as many baby boomers assumed it’s very much a
cultural thing here in Britain to own your own home.<o:p></o:p></span></div>
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<span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">But on the back of TV
programmes like Homes Under the Hammer, these same baby boomers started to jump
on the band wagon of buy to let properties as an investment. Warminster first
time buyers were in competition with landlords to buy these smaller starter
homes … pushing house prices up in the 2000’s <i>(as mentioned in Part One)</i> beyond the reach of first time buyers.
Alas, it is not as simple as that. Many factors come into play, such as
economics, the banks and government policy. But are Warminster landlords fanning
the flames of the Warminster housing crisis bonfire?<o:p></o:p></span></div>
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<span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">I believe that the
landlords of the 1,471 Warminster rental properties are not exploitive and are
in fact, making many positive contributions to Warminster and the people of Warminster.
Like I have said before, Warminster (and the rest of the UK) isn’t building
enough properties to keep up the demand; with high birth rate, job mobility,
growing population and longer life expectancy.<o:p></o:p></span></div>
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<span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">According to the Barker
Review, for the UK to standstill and meet current demand, the country needs to
be building 8.7 new households each and every year for every 1,000 households
already built. Nationally, we are currently running at 5.07 per thousand and in
the early part of this decade were running at 4.1 to 4.3 per thousand.<o:p></o:p></span></div>
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<span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">It doesn’t sound a lot of
difference, so let us look at what this means for Warminster …<o:p></o:p></span></div>
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<span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">For Warminster to meet its
obligation on the building of new homes, Warminster would need to build 66
households each year. Yet, we are missing that figure by around 27 households a
year.<o:p></o:p></span></div>
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<span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">For the Government to buy
the land and build those additional 27 households, it would need to spend £8,015,841
a year in this area alone. Add up all the additional households required over
the whole of the UK and the Government would need to spend £23.31bn <u>each
year</u> … the Country hasn’t got that sort of money!<o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhC47fjG0CO0k0V0OTnfWiKe1Q9ZwudVqEGqSFU5yNcWKgIYEnmjqOfy2u0dcnJg53qWkpCbhe9iFuYRcdovqqrkrvqOB8T2b5jkpynJo8s7h8PRwTd-4Qe-vuW17qyD8haTq8SfeyP3DFA/s1600/149+graphic+4.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="179" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhC47fjG0CO0k0V0OTnfWiKe1Q9ZwudVqEGqSFU5yNcWKgIYEnmjqOfy2u0dcnJg53qWkpCbhe9iFuYRcdovqqrkrvqOB8T2b5jkpynJo8s7h8PRwTd-4Qe-vuW17qyD8haTq8SfeyP3DFA/s320/149+graphic+4.jpg" width="320" /></a></div>
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<span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">With these problems, it is
the property developers who are buying the old run-down houses and buildings
which are deemed uninhabitable by the local authority, and turning them into
new attractive homes to either be rented privately to Warminster families or Warminster
people who need council housing because the local authority hasn’t got enough
properties to go around. <o:p></o:p></span></div>
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<span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">The bottom line is that, as
the population grows, there aren’t enough properties being built for everyone
to have a roof over their head. Rogue landlords need to be put out of business,
whilst tenants should expect a more regulated rental market, with greater
security for tenants, where they can rely on good landlords providing them high
standards from their safe and modernised home. As in Europe, where most people
rent rather than buy, it doesn’t matter who owns the house – all people want is
a clean, decent roof over their head at a reasonable rent. <o:p></o:p></span></div>
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<span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">So only you, the reader,
can decide if buy to let is immoral, but first let me ask this question - if
the private buy to let landlords had not taken up the slack and provided a roof
over these people’s heads over the last decade .. where would these tenants be
living now? ….. because the alternative doesn’t even bear thinking about!<o:p></o:p></span></div>
Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-22355686035878135352017-01-23T09:18:00.002-08:002017-01-23T09:18:53.005-08:00Warminster’s private renting set to hit 2,074 households by 2021 - Is Buy to Let immoral? (Part 1) <div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6v5W1An2J9a7yIegJd9WwBIwezjW006Xc6v0kEsA1_fbAxdCfMYAf4rK1oX166HW3x5JapLSiBH5bosWD2pAAN-V6GWKfGDL5uAMPfbwTyp4prW-xXPdeYFfbrTE2Ae0SWCLqVf60MVWK/s1600/IMG_4058.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6v5W1An2J9a7yIegJd9WwBIwezjW006Xc6v0kEsA1_fbAxdCfMYAf4rK1oX166HW3x5JapLSiBH5bosWD2pAAN-V6GWKfGDL5uAMPfbwTyp4prW-xXPdeYFfbrTE2Ae0SWCLqVf60MVWK/s320/IMG_4058.JPG" width="320" /></a></div>
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<span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont; mso-bidi-font-size: 12.0pt;">Can we blame the 55 to 70-year-old
Warminster citizens for the current housing crisis in the town? <o:p></o:p></span></div>
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<span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont; mso-bidi-font-size: 12.0pt;">Also known as the ‘Baby
Boomer Generation’, these Warminster people were born after the end of the
Second World War as the country saw a massive rise in births as they slowly
recovered from the economic hardships experienced during wartime. <o:p></o:p></span></div>
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<span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont; mso-bidi-font-size: 12.0pt;">Throughout the 1970’s and
1980’s, they experienced (whilst in their 20’s, 30’s and 40’s) an unparalleled
level of economic growth and prosperity throughout their working lifetime on
the back of improved education, government subsidies, escalating property
prices and technological developments, they have emerged as a successful and prosperous
generation. <o:p></o:p></span></div>
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<span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont; mso-bidi-font-size: 12.0pt;">...Yet some have
suggested these Warminster baby boomers have (and are) making too much
money to the detriment of their children, creating a ‘generational economic
imbalance’, where mature people benefit from house-price growth while their children
are forced either to pay massive rents or pay large mortgages.<o:p></o:p></span></div>
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<b><span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont; mso-bidi-font-size: 12.0pt;">Between 2001 and today, average earnings rose
by 65%, <o:p></o:p></span></b></div>
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<b><span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont; mso-bidi-font-size: 12.0pt;">but average Warminster house prices rose by 107.1%<o:p></o:p></span></b></div>
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<b><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMQr4ekmuPh9JGPEasdJTvodGwgzQSg_Q6V3taUgWzoXiJh2PSvGmT3RU21nBeYbWD92EYS7HoDMJjxq0BBnj9yt-Z2eRUxhhsEqEL6A51kCF-U9eK2kKq9ol-EkQiOuYhGK5FKztExdDV/s1600/Graph+148.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="198" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMQr4ekmuPh9JGPEasdJTvodGwgzQSg_Q6V3taUgWzoXiJh2PSvGmT3RU21nBeYbWD92EYS7HoDMJjxq0BBnj9yt-Z2eRUxhhsEqEL6A51kCF-U9eK2kKq9ol-EkQiOuYhGK5FKztExdDV/s320/Graph+148.jpg" width="320" /></a></b></div>
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<span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont; mso-bidi-font-size: 12.0pt;">The issue of housing is particularly
acute with the generation called the Millennials, who are young people born
between the mid 1980’s and the late 1990’s. These 18 to 30 year olds, moulded
by the computer and internet revolution, are finding as they enter early adult
life, very hard to buy a property, as landlords are buying up all the property
to rent out back to them at exorbitant rents</span><span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">
... it’s no wonder these Millennials are lashing out at buy to let landlords,
as they are seen to be cashing in on a social despair.</span><span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
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<span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">Like all things in life,
we must look to the past, to appreciate where we are now.<o:p></o:p></span></div>
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<span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">The three biggest
influencing factors on the Warminster (and UK) property market in the later
half of the 20<sup>th</sup> Century were, firstly, the mass building of Council
Housing in the 1950’s and 60’s. Secondly, for the Tory’s to sell most of those
Council Houses off in the 1980’s and finally 15% interest rates in the early
1990’s which resulted in many houses being repossessed. It was these major factors
that underpinned the housing crisis we have today.<o:p></o:p></span></div>
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<span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">To start with, </span><span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont; mso-bidi-font-size: 12.0pt;">in 1995 the USA relaxed its lending rules by rewriting the
Community Reinvestment Act. This Act </span><span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">saw
a relaxation on the Bank’s lending criteria’s </span><span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont; mso-bidi-font-size: 12.0pt;">as there was pressure on these banks to lend on mortgages in low
wage neighbourhoods</span><span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">, as the viewpoint
in the USA was that anyone (even someone on the minimum wage) any working class
person should be able to buy a home. Unsurprisingly, the UK followed suit in the
early 2000’s, as Banks and Building Society’s relaxed their lending criteria
and brought to the market 100% mortgages, even Northern Rock started lending
every man and his dog 125% mortgages.<o:p></o:p></span></div>
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<span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">So when we roll the clock
forward to today, and we can observe those very same footloose banks from the
early/mid 2000’s (<i>that lent 125% with a
note from your Mum and a couple of breakfast cereal tokens)</i>, ironically reciting
the Bank of England backed hymn-sheet of responsible-lending. On every first
time buyer mortgage application, they are now looking at every line on the 20-something’s
banks statements, asking if they are spending too much on socialising and
holidays ... no wonder these Millennials are afraid to ask for a mortgage (as
more often than not after all that – the answer is negative).<o:p></o:p></span></div>
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<span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">Conversely, you have unregulated
Buy To Let mortgages. As long as you have a 25% deposit, have a pulse, pass a
few very basic yardsticks and have a reasonable job, the banks will literally
throw money at you ... I mean Virgin Money are offering 2.99% fixed for 3 years
– so cheap!<o:p></o:p></span></div>
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<span style="color: #1c2733; font-size: 11.0pt; mso-bidi-font-family: "Helvetica Neue"; mso-bidi-font-size: 12.0pt;">So, in Part Two later this
week, I will continue this emotive article and show you some very interesting
findings on why young people aren’t buying property anymore (and it’s not what
you think!).<o:p></o:p></span></div>
Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-10073300674095170712017-01-13T12:00:00.000-08:002017-01-13T12:00:02.496-08:00Warminster Property Market Sees An Un-predicted Autumn Boost of 19%<div class="MsoNormal">
Well, it
doesn’t seem like two minutes ago that it was Christmas – and now it’s all
over! One cold December morning, after arranging the office’s Christmas cards I
thought I would nip out for a quick festive coffee and mince pie at my
favourite local coffee shop Coffee#1. I
met an old client of mine in the coffee shop and we got talking about the Warminster
property market. I had just completed my research for my next blog article and I
would like to share with you the parts of the conversation relating to the Warminster
property market.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
He asked me
what my thoughts were about the last half of the year in regard to the Warminster
property market and if there were any great buy to let deals around. In reply I
said that, in my view, shrugging off the uncertainty of the initial post Brexit
vote, I have seen plenty of demand, and a rise in the number of properties
selling at the lower to middle end of the market, meaning both first time
buyers and buy to let landlords have been returning in the last few months.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;">So let’s look at the numbers ..<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;">In November 2016, according to the three main property portals
(Rightmove, Zoopla and OnTheMarket) there were a total of 92 properties for
sale in Warminster (within 2 miles of the center of Warminster to be exact). In
November 2015, there were only 77 properties for sale, a rise of 19%.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;">When I split it down into bedrooms (note things like building
plots and part commercial/part residential etc won’t be in these figures so the
numbers below wont exactly match up to those in the above paragraph).<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr>
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<br /></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;"># Properties on the market in Nov 2015<o:p></o:p></span></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;"># Properties on the market in Nov 2016<o:p></o:p></span></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">Per cent Change<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">5+ Bedrooms<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">12<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">12<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">0%<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">4 Bedrooms<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">20<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">21<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">+5%<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">3 Bedrooms<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">22<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">26<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">+18%<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">2 Bedrooms<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">18<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">24<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">+33%<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">1 Bedroom<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">5<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">9<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">+80%<o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;">.. and when I looked at type of properties .. it got even more interesting <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr>
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;">Type of Property<o:p></o:p></span></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;"># Properties on the market in Nov 2015</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;"># Properties on the market in Nov 2016</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">Per cent Change</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">Detached</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">48</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">46</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">-4%</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 16.15pt; mso-yfti-irow: 2;">
<td style="border-top: none; border: solid windowtext 1.0pt; height: 16.15pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">Semi</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 16.15pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">11</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 16.15pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">17</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 16.15pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">+55%</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">Terraced</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">8</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">9</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">+13%</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">Flat</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.6pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">7</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">13</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 112.65pt;" valign="top" width="150">
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">+86%</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;"><o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
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<div class="MsoNormal">
<span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;">As </span><span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">the number of Warminster properties put up for
sale has soared by 19%, homeowners have become more realistic about how much
their homes are worth. This increase in homeowners wanting to sell suggests
there is renewed confidence in the Warminster property market and there are
also signs that people are being more realistic about pricing their property.<o:p></o:p></span></div>
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<br /></div>
<span style="color: #353535; font-family: "Calibri",sans-serif; font-size: 12.0pt; mso-ansi-language: EN-GB; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: AppleSystemUIFont; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">As you can see, there has been a significant uplift in flats and semi-detached
properties, which means there is greater choice for first time buyers and
landlords. So with a combination of realistic pricing and more properties on
the market – both first time buyers and landlords alike might be able to pick
up a few bargains! </span>Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-50749268284195709972017-01-08T17:00:00.000-08:002017-01-08T17:00:07.361-08:00Warminster property price rises set to be more restrained in 2017 due to Brexit<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg59228JL31jOcH8PwgV9cRuwLJzrNnIvuwApglWycMHuhFEOv1-TKk3jOwUQ5JVXwYWSP8MFLd4sFujvFJDYYvkAQqPuDAk6duoN8kmyqUfud0b0YSQEx5h9FLC_PchcT9nLc77jb_3LRo/s1600/IMG_4050.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg59228JL31jOcH8PwgV9cRuwLJzrNnIvuwApglWycMHuhFEOv1-TKk3jOwUQ5JVXwYWSP8MFLd4sFujvFJDYYvkAQqPuDAk6duoN8kmyqUfud0b0YSQEx5h9FLC_PchcT9nLc77jb_3LRo/s320/IMG_4050.JPG" width="320" /></a></div>
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<span style="color: #353535; font-family: AppleSystemUIFont;">While Brexit has not yet had a sizeable impact
on the Warminster housing market, my analysis is pointing to the fact that the
economic viewpoint still remains uncertain and Warminster property price growth
is likely to be more subdued in 2017 - although that isn’t a bad thing so let
me explain.<o:p></o:p></span></div>
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<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">Since the summer, apart from a little wobble
of uncertainty a few weeks after the Referendum vote, property values (and the
economy), on the whole has outperformed what most people were anticipating. In
fact, when I looked at the property prices for our Wiltshire Council area,
these were the results...<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">October 2016 -
rise of 0.51%<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">September 2016 -
rise of 1.28%<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">August 2016 -
rise of 1.2%<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">July 2016 -
rise of 1.57%<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">June 2016 -
rise of 0.4%<o:p></o:p></span></div>
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<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">The UK property market continues to perform
robustly (because we can’t just look at Warminster as if in its own little
bubble) with annual price growth set to end this year at 6.91% and most South
West region property market at 7.18%. <o:p></o:p></span></div>
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCGZetUeqpNevF1AqX1sdWMiKy4aQw_W2uiDL8lxVdkAhqXFQYE70JwhmM6iRsjVHS8-8mErMHYsCDs341ljm63ocsm9XWuUIh97bZBNRBzqEGG2gHusDD0fo-eyQjCOSRuaueBZ3qUfy9/s1600/graph+146+.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="194" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCGZetUeqpNevF1AqX1sdWMiKy4aQw_W2uiDL8lxVdkAhqXFQYE70JwhmM6iRsjVHS8-8mErMHYsCDs341ljm63ocsm9XWuUIh97bZBNRBzqEGG2gHusDD0fo-eyQjCOSRuaueBZ3qUfy9/s320/graph+146+.jpg" width="320" /></a></div>
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<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;"><br /></span></div>
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<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;"><br /></span></div>
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<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">Talking to fellow agents in London, the
significant tidal wave of growth seen from 2013 through to 2015 in the capital
has subdued over the last six months. However, as that central London house
price wave has started to ripple out, agents are starting to see stronger property
growth values in East Anglia and the South East regions outside of London, than
what is being seen within the M25. So, fellow Warminster landlords and
homeowners, is this the time to get your surfboards ready for the London wave?<o:p></o:p></span></div>
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<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">Well, we in Warminster haven’t really been affected
by what is happening in the central London property mega bubble (i.e.
Kensington, Chelsea, Marylebone, Mayfair etc.). The property market locally is
more driven by sentiment, especially the ‘C’ word ... confidence. The main forces
for a weaker Warminster Property market relate to economic uncertainty
surrounding the Brexit process, which I believe will impact unhelpfully on
consumer confidence in the run up to and just after the serving of the Section
50 Notice by the end of Q1 2017.<o:p></o:p></span></div>
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<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">In addition, the influence of reforms to the
taxation of landlords is expected to result in a reduced demand from buy to let
landlords, which will limit upward pressure on property values. However, on the
other side of the coin, demand from tenants has been strong, but this has been counterbalanced
by a strong supply of rental properties. In my opinion, there is a slight risk
of rents not growing as much in 2017 as they have in 2016, but by 2018 they
will rise again to counteract Philip Hammond’s changes to tenant fees.<o:p></o:p></span></div>
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<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">The broader Warminster rental market looks
relatively positive with modest rental growth expected and rents might rise
further if landlords begin to sell properties in an effort to offset to the
impact </span><span style="font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">of tax rises.<o:p></o:p></span></div>
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<span style="font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">So what do I predict will happen to the Warminster housing
market in 2017? In Warminster, I believe property values are expected to rise
by 1.5% in 2017, compared to a rise of 7.18% this year, then picking up again
with a rise of 2.4% in 2018, 3.1% in 2019, 4.6% 2020 and 6.1% in 2021.<o:p></o:p></span></div>
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<span style="font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">But these predictions do not take into account any effect of
a possible snap General Election or further referendum on ratifying any Brexit
deal (if that comes to pass in the future<span style="color: #353535;">).<o:p></o:p></span></span></div>
Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-78063175139490267672016-12-30T01:13:00.000-08:002016-12-30T01:13:15.242-08:00Warminster OAP’s sitting on £727.2 m of Property<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg59228JL31jOcH8PwgV9cRuwLJzrNnIvuwApglWycMHuhFEOv1-TKk3jOwUQ5JVXwYWSP8MFLd4sFujvFJDYYvkAQqPuDAk6duoN8kmyqUfud0b0YSQEx5h9FLC_PchcT9nLc77jb_3LRo/s1600/IMG_4050.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg59228JL31jOcH8PwgV9cRuwLJzrNnIvuwApglWycMHuhFEOv1-TKk3jOwUQ5JVXwYWSP8MFLd4sFujvFJDYYvkAQqPuDAk6duoN8kmyqUfud0b0YSQEx5h9FLC_PchcT9nLc77jb_3LRo/s320/IMG_4050.JPG" width="320" /></a></div>
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<span style="font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont;">Warminster
people aged over 65 currently hold more housing wealth in their homes than the
annual GDP of the whole of the Shetland Isles … and this is a problem.<o:p></o:p></span></div>
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<span style="font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont;">Many
retiree’s want to move but cannot, as there is a shortage of such homes for
mature people to downsize into. Due to
the shortage, bungalows command a 10% to 20% premium per square foot over
houses of the same size with stairs. To add to the woes, in 2014, just 1% of
new builds in the UK were bungalows, according to the </span><span style="font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFontBold; mso-bidi-font-weight: bold;">National House Building Council</span><span style="font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont;"> - down from 7% in 1996.<o:p></o:p></span></div>
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<br /></div>
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<span style="font-size: 11.0pt; mso-ascii-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">My research
has found that there are 2,489 households in Warminster owned outright
(i.e. no mortgage) by over 65 year olds.</span><span style="font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont;">
Taking into account the average value of a property in Warminster, this
means £727.2 million of equity is locked up in these Warminster homes, compared
to the GDP of the whole of the Shetland Isles being £524 million of GDP. <o:p></o:p></span></div>
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<span style="font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont;">A
recent survey by YouGov, found that 36% of people aged over 65 in the UK are
looking to downsize into a smaller home. However, the Government seems to focus all its
attention on first-time buyers with strategies such as Starter Homes to ensure
the youngsters of the UK don’t become permanent members of ‘Generation
Rent’. Conversely, this overlooks the
chronic under-supply of appropriate retirement housing essential to the needs
of the Warminster’s rapidly ageing population. Regrettably, the Warminster’s
housing stock is woefully unprepared for this demographic shift to the 'stretched
middle age’, and this has created a new 'Generation Trapped’ dilemma where
older people cannot move. <o:p></o:p></span></div>
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<span style="font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont;">Some
OAP’s who are finding it difficult to live on their own, are unable to leave
their bungalow because of a lack of sheltered housing and ‘affordable’ care
home places. So, older retirees can't
leave bungalows, younger retirees can't buy bungalows and younger people can't
buy family houses.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal">
<span style="font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont;">Interestingly,
adding insult to injury, the problem will only get worse, as in the 50 year old
to 64 year old home ownership age range there are an additional 1,294 Warminster
households that are mortgage free and a further 1,358 Warminster households who
will be completing their mortgage responsibility. With Government projections <span style="color: #353535;">showing the proportion of over 65’s will rise by over a
third from the current 17.7% to 24.3% of the population in the next 20 years
... this can only add greater pressure to the Warminster Property market.<o:p></o:p></span></span></div>
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<span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhY-LNUN7Rtk_o1yh1UzwwSa2PLbsBnLpi7Yoy8S5MztMQzXyCsXkFKHYaXuEo8CsN9ybhq7uRXeQGT3yFV0k0_fzf8UhHkR9ilPmjm28TCpymk1ltGTwjVPQIIYX9rY4kN1C3HAHtty9Oj/s1600/Graph+145.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="209" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhY-LNUN7Rtk_o1yh1UzwwSa2PLbsBnLpi7Yoy8S5MztMQzXyCsXkFKHYaXuEo8CsN9ybhq7uRXeQGT3yFV0k0_fzf8UhHkR9ilPmjm28TCpymk1ltGTwjVPQIIYX9rY4kN1C3HAHtty9Oj/s320/Graph+145.jpg" width="320" /></a></div>
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<span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont;"><br /></span></div>
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<span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont;"><br /></span></div>
<div class="MsoNormal">
<span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont;">House prices have rocketed over the last 40 years because the
supply of property has not kept up with demand. With migration, people living
longer and high divorce rates (meaning one family becomes two) we need, as a
Country, 240,000 properties to be built a year to just stand still. In the 1990’s and early 2000’s, the Country
was building on average 180,000 to 190,000 households a year, but since the
Credit Crunch (2009), that has only been between 130,000 and 145,000 households
a year.<o:p></o:p></span></div>
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<div class="MsoNormal">
<span style="color: #353535; font-size: 11.0pt; mso-bidi-font-family: AppleSystemUIFont;">The solution …. release more land for starter homes, bungalows
and sheltered accommodation </span><span style="color: #313131; font-size: 11.0pt; mso-bidi-font-family: Helvetica;">because land prices are killing the housing market as
the large firms dominating the construction industry are more likely to focus
on traditional houses and apartments. My
opinion – until the Government change the planning rules and allow more land to
be built on – Bungalows could be a decent bet for future investment as they
continue to attract ever growing premiums? <o:p></o:p></span></div>
<br />
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<br /></div>
Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-20798868677881264932016-12-23T02:30:00.001-08:002016-12-23T02:30:07.405-08:00Warminster Property Market – Q4 Update <div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6v5W1An2J9a7yIegJd9WwBIwezjW006Xc6v0kEsA1_fbAxdCfMYAf4rK1oX166HW3x5JapLSiBH5bosWD2pAAN-V6GWKfGDL5uAMPfbwTyp4prW-xXPdeYFfbrTE2Ae0SWCLqVf60MVWK/s1600/IMG_4058.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6v5W1An2J9a7yIegJd9WwBIwezjW006Xc6v0kEsA1_fbAxdCfMYAf4rK1oX166HW3x5JapLSiBH5bosWD2pAAN-V6GWKfGDL5uAMPfbwTyp4prW-xXPdeYFfbrTE2Ae0SWCLqVf60MVWK/s320/IMG_4058.JPG" width="320" /></a></div>
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<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">Well, wasn’t 2016 been eventful. The ups and
downs of Brexit, the Queen’s 90<sup>th</sup>, Andy Murray winning Wimbledon, Trump,
Bake Off to Channel 4 and something close to the hearts of every buy to let
landlord and homeowner in Warminster ... the Warminster property market.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">So, let’s look at the headlines for the Warminster
property market...<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">In the last month, Warminster property values rose
by 2.03%, leaving them, year on year 10.4% higher, whilst interestingly, Warminster
asking prices are down 0.9% month on month. All three statistics go to show the
Warminster property market has recovered well after the beginning of the
summer, which was impacted by the uncertainty surrounding the EU vote back in
June. Irrespective of all the issues, the average value of a home in BA12 now stands
at £296,700.<o:p></o:p></span></div>
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<div class="MsoNormal">
<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">Generally, Warminster asking prices continue
to hold up well, as asking prices are 5.7% higher year on year. At this time of
year, asking prices tend to drop on the run up to Christmas and locally, they
have dropped by 0.9% in November 2016, although this compares well with last
year’s drop in Warminster asking prices, as we saw asking prices drop by 2.3%
in November 2015. <o:p></o:p></span></div>
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<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">Now it’s true to say, after chatting with
fellow property professionals, all of us have seen the number of property sales
fall slightly, suggesting a slowing market, but it is very early days and it
could be the time of year. Also, the numbers are limited, so it’s interesting
to take note from a recent survey by the Royal Institution of Chartered
Surveyors, stating new buyer enquiries and new instructions are falling at the
same rate, suggesting that there will not be a downward pressure on property
values.<o:p></o:p></span></div>
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<span style="color: #353535; font-family: AppleSystemUIFontBold; mso-bidi-font-family: AppleSystemUIFontBold; mso-bidi-font-weight: bold;">Looking at the
figures for the UK, property values are generally rising slower than a few
years ago, but on a positive note, there's still growth across the UK</span><span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">. You see, slowing property value growth isn't solely
Brexit related, but after a number years of double digit rises in property
values, affordability has weakened and cooling price growth is widely
seen to be a natural correction of the market.<o:p></o:p></span></div>
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<span style="color: #353535; font-family: AppleSystemUIFontBold; mso-bidi-font-family: AppleSystemUIFontBold; mso-bidi-font-weight: bold;">On the other
hand, interest rates being </span><span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">at a record low of 0.25% </span><span style="color: #353535; font-family: AppleSystemUIFontBold; mso-bidi-font-family: AppleSystemUIFontBold; mso-bidi-font-weight: bold;">are helping the property market</span><span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">. The cut in interest rates in the late summer was the medicine
for the post-Brexit worry and will, as a consequence, ensure that the UK
economy continues to be underpinned by buoyant property prices.<o:p></o:p></span></div>
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<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;"> So, what will happen in 2017 in the Warminster
property market? <o:p></o:p></span></div>
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<span style="color: #353535; font-family: AppleSystemUIFont; mso-bidi-font-family: AppleSystemUIFont;">Some say until we know what type of exit the
UK will make from the EU it is hard to evaluate the outcome. Although, I
believe, the whole Brexit issue is a sideshow to the main issue in the UK (and Warminster)
housing market as a whole. As I have mentioned time and time again over the last
few months in my blog, the biggest issue is demand outstripping supply when it
comes to the number of households required to house us all. Warminster has an ever-growing
population: with immigration (we still have at least two years of free movement
from EU members into the UK), people living longer and the fact we need thousands
of additional households as the country has nearly 115,000 divorces a year
(where one household becomes two households).
These are interesting times ahead! <o:p></o:p></span></div>
Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.comtag:blogger.com,1999:blog-7345112142980563779.post-11839539119742098682016-12-16T18:30:00.000-08:002016-12-16T18:30:23.620-08:00Warminster Semi Detached House Prices rise by 311% in 20 years<div class="separator" style="clear: both; text-align: center;">
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<span style="color: #353535; mso-bidi-font-family: AppleSystemUIFontBold; mso-bidi-font-weight: bold;">The semi-detached house with its bay
windows and net curtains has long been ridiculed as an emblem of safe, lacklustre
and desperately uncool suburban life; the homes of the likes of </span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;">Hyacinth Bucket in
Keeping up Appearances and more latterly Alan Partridge</span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFontBold; mso-bidi-font-weight: bold;"> – but they could have the last laugh - having enjoyed the highest price
growth of any property type in Warminster, up by an average 311% increase in
the last twenty years.<o:p></o:p></span></div>
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<span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;">The semi can now laugh in the face of its posher detached counterpart,
which saw a rise of only 86% in the same 20-year period. Looking at smaller
properties, flats/apartments rose 225%, whilst terraced houses only rose 181%
(although they were starting from a lower base and demand from buy to let
landlords has had a big part in driving the values on that type of house (<i>i.e. the price a buy to let landlord is
prepared to pay is driven by the rent the landlord can achieve</i>).<o:p></o:p></span></div>
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<b><span style="color: #353535; font-size: 15.0pt; mso-bidi-font-family: AppleSystemUIFont; mso-bidi-font-size: 12.0pt;">In 1996 the average value of a Warminster semi
stood at £55,100, <o:p></o:p></span></b></div>
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<b><span style="color: #353535; font-size: 15.0pt; mso-bidi-font-family: AppleSystemUIFont; mso-bidi-font-size: 12.0pt;">today it stands at £226,100<o:p></o:p></span></b></div>
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<span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;">Such is the attractiveness of semis, which are cheaper than
detached houses but have most of the same benefits for families. Semi-detached
houses were built in their hundreds of thousands by the Victorians and
Edwardians between the wars and through to the present day. Interestingly in
the late 19<sup>th</sup> Century and early 20<sup>th</sup> century – they often
weren’t referred to as semi-detached – but as villas!<o:p></o:p></span></div>
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<span style="color: #353535; mso-bidi-font-family: AppleSystemUIFontBold; mso-bidi-font-weight: bold;">So whilst Europeans live on top of
each other in apartments us British chose, in the late Victorian and early
Edwardian times, suburban comfort, being near … but not too near, the
neighbours! </span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;">I once heard someone say the semi-detached house was a peculiar
crossbreed that doesn’t stand on its own — it is inseparable from its neighbour
— yet somehow still embodies a dream of suburban independence. <o:p></o:p></span></div>
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<b><span style="color: #353535; font-size: 15.0pt; mso-bidi-font-family: AppleSystemUIFont; mso-bidi-font-size: 12.0pt;">Over one in </span></b><b><span style="font-size: 15pt;">three </span></b><b><span style="color: #353535; font-size: 15.0pt; mso-bidi-font-family: AppleSystemUIFont; mso-bidi-font-size: 12.0pt;">houses in Warminster
is a semi-detached house<o:p></o:p></span></b></div>
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<span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;">There are 2,648 semi-detached properties in Warminster and they
represent 35.19% of all the households in Warminster. Warminster has such a mix
of semi-detached properties with the older</span><span style="color: red; mso-bidi-font-family: AppleSystemUIFont;"> </span><span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;">semis to more modern ones built in the last couple of decades.
Especially with the older ones, the semi offered a hall to provided separation
between the reception rooms and privacy for their occupants. Also the
downstairs offered larger rooms to accommodate dining tables, whilst upstairs,
bedrooms were smaller, yet cosy. <o:p></o:p></span></div>
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<span style="color: #353535; mso-bidi-font-family: AppleSystemUIFont;">However, probably the most overlooked aspect of popularity for
semis is the garden. The front garden, designed to separate the house from the
world, and the back garden designed for private relaxation. The semi in the
suburbs was relaxing, well presented, plumbed and enhanced by a garden so that
when a window was opened the air had a chance of being genuinely fresh… and it’s
for all those reasons why 54 semi-detached houses have been sold in Warminster
in the last 12 months alone. Still as
popular today as they were with the Victorians all those years ago – some things
just stand the test of time!<o:p></o:p></span></div>
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Anonymoushttp://www.blogger.com/profile/13155268332816026993noreply@blogger.com