Over the last five years, life has become a little trickier for SE16 landlords, with changes to their taxation status, mortgage interest relief and an additional 3% stamp duty for a buy-to-let property, and has made lots of SE16 landlords ask themselves: ‘Is buy-to-let in SE16 still worth the risk?’ Regarding taxation, in 2016, the Government… Continue reading Is Buy-to-Let in SE16 Still Worth the Risk?
Category: General
SE16 Property Market Update: February 2023
Read the article to find out what is happening to the SE16 property market. As we enter February, the SE16 (and British) property market is full of mixed messages. Whilst the Bank of England increased the base rate 10 times in 2022, meaning they are now at 4% (3.5% higher than 12 months ago), mortgage… Continue reading SE16 Property Market Update: February 2023
SE16 Baby Boomers and their 1,703 Spare ‘Spare’ Bedrooms
An additional 6,261 spare bedrooms have been locked out of the Southwark housing market since 2011 as Britain’s ageing population means the country’s stock of homes is being used more unproductively. The number of spare bedrooms in Southwark between2011 and 2021 increased from 63,273 to 69,534. The number of Southwark households living in properties with… Continue reading SE16 Baby Boomers and their 1,703 Spare ‘Spare’ Bedrooms
Thatcher’s Dream Alive as Homeownership in SE16 Increases
In her first conference speech as the Tory’s new leader in 1975, the grocer’s daughter from Grantham, Margaret Thatcher, asserted her conviction in a ‘property-owning democracy’. Although Thatcher didn’t conceive the saying – (that credit belonged to Conservative MP Noel Skelton in 1923), it encapsulated what she thought Britain should be. Through prudence, saving and… Continue reading Thatcher’s Dream Alive as Homeownership in SE16 Increases
SE16 Property Market Holding up Despite Doom and Gloom in the Newspapers
The SE16 housing market over the last three months is now becoming more ‘normal’ after the last couple of years of insane demand when the lockdowns started a race for space! Even with the blackening economic doom-mongers forecasting a harsh slowdown in the British property market, the number of people buying and selling their homes… Continue reading SE16 Property Market Holding up Despite Doom and Gloom in the Newspapers
What Will Happen to the SE16 Property Market in 2023?
The autumn of 2022 saw economic and political instability with the resignation of Boris Johnson as Prime Minister and the ill-fated Liz Truss 44-day premiership. Now as we go into 2023, the economic and political turmoil has subdued, offering a greater feeling of stability in money markets. So, on the back of that, what is… Continue reading What Will Happen to the SE16 Property Market in 2023?
43% more SE16 homes are on the market today than six months ago
More SE16 homes are now coming up for sale. This is excellent news for SE16 homebuyers and SE16 landlords because as properties are no longer flying off the shelf as they did last year, the number of properties available to buy is beginning to return to long-term averages. This means there is greater choice for… Continue reading 43% more SE16 homes are on the market today than six months ago
Inflation – Every SE16 Landlords’ Saviour
Some of you reading this will be old enough to remember the 1970s – the bell-bottom trousers, the huge collars, frayed jeans, disco glitter balls, maxi dresses, midi skirts but above everything else – HYPER-INFLATION. With inflation currently standing at 11.1%, many of us envy the last few years when we have been lucky to… Continue reading Inflation – Every SE16 Landlords’ Saviour
Falling SE16 House Prices
The Winners & Losers The doom and gloom of the national newspaper headlines regarding the UK property market would make you think Armageddon has arrived, this being the second most interesting topic to the Brits (the first being the weather!). So, what is happening in the British property market? As with most things in life,… Continue reading Falling SE16 House Prices
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