Best Letting Agency Walsall

Freehold or Leasehold? What type of property to buy in Walsall?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , ,

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The life of a property manager is never dull!!  I love what I do and every day is different as you never know what you can wake up to (although I do try to plan my day).  What makes it extra special are the interactions I have with potential clients on a daily basis with new people looking to enter the buy to let market.

One such case was of a lovely gentleman I had an initial email enquiry from.  His children had grown up and flown the nest.  Some extra cash was to hand; he saw my blog and became interested in entering the market.  We later met up for a coffee.  He was considering making his first purchase and amongst the usual questions, one question stood out for me:

Do I buy a freehold house or a leasehold flat in Walsall?

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Properties in the Highgate catchment area outperform Walsall by 27.06%!!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , ,

27.06% Up

I was having a chat with a footie-loving property investor friend the other day.  After we spent a very small amount of time discussing England’s chances of winning in the forthcoming Euro Championships (!), we got chatting about property.

He has a couple of young children and asked if schools, especially primary schools, affected the local property market in terms of demand from buyers and tenants to a property.  Anecdotally, I have always known this to be true, a good school creates good demand and good demand does affect house prices.  So, I asked my colleagues on the front line, who take the phone calls from people putting themselves on our mailing list and they confirmed that most people cite location as their number one factor.

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What type of property is best to invest in, in Walsall? Detached or Terraced?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , ,

One of my professional landlords called me towards the end of last week informing me how he thinks he should be purchasing more detached properties in Walsall.  He told me how he thinks they will bring about better returns when he sells them although he hasn’t sold anything yet.  I thought this didn’t ring quiet true in my mind so, me being me, I began to look at the stats to see what the actual numbers was telling us.

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Rightmove announced that average ‘asking prices’ fell slightly last month by 0.6% in the West Midlands, leaving them 2.9% higher than a year ago.

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Just who are the renters in Walsall?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , ,

I recently went to a property auction and bumped into one of my landlords!  We got talking about the state of the Walsall property market and whether we, as a country, are turning more and more to the European style of property ownership, where it is the norm to rent as opposed to automatically buying once you have a good job etc.  So I got to work when I returned to my desk….

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Even though a recent report by the Halifax stated home-ownership remains a goal for 85% of twenty to forty five year-olds, there is information emerging that attitudes in the UK towards renting your own home as opposed to owning it have softened, showing more and more, that renting is being seen as a life style choice.  In fact it is recognised in learned circles that the cycle of renting is also repeated by the fact that people who grow up primarily in rented accommodation are themselves more likely to rent than buy.

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1303% returns for Walsall landlords since 1999…

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , ,

Investing in property is essentially different from investing in stocks and shares or putting money in the Building Society.  Whilst these other investments (Building Society Passbooks, Stocks and Shares etc) are passive  i.e. once the  money has been invested it you leave it alone, with BTL, things are more hands on, in fact it’s almost a business!

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One thing the landlords I speak to say is the fact that they like BTL because it is both an investment as well as a business.  It is this factor that attracts many of my Walsall landlords – they are making their own decisions rather than entrusting them to others – such as City Whizz Kids in London playing roulette with their pension pots.

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