Out with 2018 and in with 2019
I cannot quite believe it is the last day of 2018 and I’m sure many of you share my sentiment; It’s been one hell of a year. We can shake off all the GDPR dust, give ourselves a pat on the back for navigating the endless legal and regulatory challenges our market has faced, and […]
Beneath the Brexit terror headlines; Medway house prices show annual growth of 11.5%
A few weeks ago I gave you a round up of the Kent Property Market Report. If you didn’t read it, please do. There were a few points I wanted to dig into more, especially the Brexit effect on the Medway market. With the Brexit deadline of 29th March fast approaching, the PM surviving a […]
With 45% of Medway HMO owners living outside of the Medway towns, could smartphones replace cheap letting agents?
There are very few people who have not succumbed to the ease of a smartphone. Those that haven’t – I’m in awe. For me, my phone is instant access to every aspect of my business and – as for many I’m sure – has become a fairly permanent extension of my forearm. But is it […]
A 7.3% rise in new builds, prospering business parks + £22m highway investment – The Kent Property Report headlines
This year’s Kent Property Market Report has been published and it is packed full of good news for Medway. It’s a detailed report produced by Caxtons Chartered Surveyors, Kent County Council and Locate in Kent, designed to give a concise appraisal of property development and investment across the county, broken into six key areas of […]
Tax, tax, tax, tax, tax…. Is a landlord tax bill of 66% really a possibility?
Over the past year, the government clampdown on the buy-to-let sector has continued to throw doubt into the minds of investors about the viability of making a decent return on buy-to-let investments. Landlords tax bills are rising and new laws designed to protect tenants – such as the Right to Rent scheme – no doubt […]
What your local property expert has to say about the Medway rental market
Well, thus far October has proven to be an incredible month for the Medway rental market. We have let three out of four flats in one Gillingham property before the building work had even been completed. And in another Gillingham HMO we have let four rooms in a six-bed homeshare to doctors. Doctors? Yes that […]
House sales have slowed but 27% of Medway’s population could be interested in Equity Release
Pretty much everyone is aware that the property market has slowed, almost to a grinding halt in some regions. Some news outlets are floating figures indicating that sales could be down by as much as 20% in some parts of the UK. But while sales flounder, one area of the market that seems to be […]
Medway landlords, is it wise to raise your rents?
Back in April, I wrote an article about Gillingham having some of the highest growth in rents outside of our capital city. Currently the average rent price for a two bedroom property is around around £842. That’s a 39% increase over the last decade. It raised a few eyebrows and for those who hadn’t reviewed […]
Historic Rochester may be steeped in history, but why else should investors be interested?
The inspiration for many Charles Dickens novels, Rochester is fairly used to the limelight as it regularly features in historic town reviews. But a fair appraisal of the property in our historic town is that the market is actually incredibly diverse and will continue to expand over the next decade. History dating back to the […]
Leasehold properties in Medway hit 17,000 – how many could be affected by the ground rent scandal?
There have been several news updates about the leasehold scandal but it seems there’s still no resolution for a lot of people stuck with spiralling ground rents. Recently I’ve heard more unbelievable stories about leasehold home owners being charged exorbitant amounts to even make changes to their properties. Reports of people paying £252 just to […]
