House prices stay low... is it the right time to invest?
Brett Alegre-WoodChairman, YPC Group
Hey guys
Happy New Year and welcome to the first Weekly Property News of 2010.
December was a quiet month but we can now start to see the market moving again. We'll take a look at what's been predicted for 2010 and the range of information on the market today.
Mixed messages on house prices - some say prices are already rising and others predict the market to stay much the same. Who do you believe? Let's take a look at what the experts have to say and decide for yourself.
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Taylor Wimpey entered January with 28 per cent increase in sales. Demand is back as prices stay at its all time low. If you're thinking of buying then this is the time to do so.
According to the CML affordability is at its best level since the early 90's but LTV will be the holding factor for most investors as substantial deposits are still required.
And you'll soon be able to shop for mortgages at your local Tesco. As they prepare for their big launch to owner occupiers, I wonder if there'll be products for the investors market? As always if you have any questions or want to have a chat about current opportunities call the team on 0207 812 1255.
Live with Passion
Brett Alegre-Wood
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