Well… Should we buy?
Down the line, we care about Liverpool property to rent. But it’s important that buyers can actually get on the property ladder, so we do have rental properties to market. The news from those who know such things, is that property transactions are at an 18 month high.
The stamp duty holiday has nearly ended (end of March) and buyers believe that house prices are no longer expected to fall!
The impact of the stamp duty holiday finishing at the end of March means that market activity is currently at a frenzied rate, with savvy buyers hoping to beat the government, and get a good deal.
We’ve spoken to brokers and they believe that now is a time for renewed housing market optimism. Our contacts around the county are reporting confidence for the future, and a belief that the housing market has finally stabilised. Buyers believe the market won’t drop any further… in fact they feel prices are starting to rise.
Conversely, if you have property to rent in Liverpool, you need to work harder to market this property. You should look at a property management company who are experienced in marketing rental properties.
With the property market, sustainability is key, banks need to be flexible and this can only be reflected in affordable mortgage finance. This may still be a little out of reach for first-time buyers.
The good news for buyers is that increasing confidence hasn’t yet led to higher prices.
Therefore maybe now is the best time to buy… if you’re a first timer.
