Brexit

How does Unemployment Drive the Walsall Property Market?

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

If you have been reading my articles on the Walsall property market, you will see that in the three years since the referendum we have proved beyond doubt that ‘Brexit’ has had no effect on the Walsall property market (or the UK as a whole).

So one might ask, what does affect the property market locally? Well many things on the demand side include wages, job security, interest rates, availability of mortgages, confidence in the economy, inflation, speculative demand … the list goes on. Yet as my blog reading friends will note, I like to delve deeper into the numbers which has led me to find an interesting correlation between unemployment and the number of properties sold (i.e. transactions).

Why transaction levels and not house prices? Well just looking at Walsall house prices as a leading indicator has flaws. Many property market commentators and economists believe transaction numbers (the number of properties sold) give a more accurate and truthful indicator of the health of the property market than just house values alone. The reason is twofold. First most people when they sell also buy, so if property values have dropped by 10% or risen by 10% on the one you are selling, it would have done the same on the one you are buying – meaning to judge the health of a property market is very one dimensional.  Secondly…

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My BTL Deal of the Week 2 Bed Terraced Walsall WS2 with Minimum Yields of 5.53%.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , , ,

A two bedroom terraced house in the Beechdale/ Reedswood area of Walsall, WS2. A perfect spec with décor that fits the bill for a ‘good to go’ let. Please book an appointment asap, this is going to get snapped up!

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MY BTL Deal of the Day 3 Bed Semi, Walsall, WS3 Yielding a Minimum 5.54%

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , , , , , , ,

Good news for Walsall landlords and investors, an extended 3 bedroom semi detached property, Clare Road, Walsall WS3 that has just been marketed by Acorns & Co. (01922 312060 ) with an asking price of £130k. It has a varied neutral decor and perfect spec. and has gas central heating and double glazing.

A family home with low maintenance gardens and a block paved curtilage at the front of the property, which could be used for off-road parking. Two of the bedrooms are double sized, with the third being a single.

The extension includes a utility room and a sitting/ reception room. Top this all off with a modern kitchen and bathroom (Ground floor) and you have a rental property that is good to go.

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Brexit – What’s the ‘Deal’ with Walsall House Prices?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , ,
Brexit – What’s the ‘Deal’ with Walsall House Prices?
Brexit – What’s the ‘Deal’ with Walsall House Prices?

On a daily basis in Walsall I am talking to landlords and homeowners from all walks of life. Some are serial investors whilst others are accidental landlords or holding a small portfolio. I have always shared my thoughts on the local property market in Walsall and Brexit has come up a few times. Here are some links to past articles I have written on the topic:

25/04/2016  EU vote!! Which way should Walsall landlords vote?

24/06/2016  EU Referendum – 67.9% of Walsall Voters Vote With Their Feet…

20/09/2016  Walsall’s Generation Gap & Brexit – Did the Older Generation Let Down the Young?

09/05/2017  The effects of a ‘Hard Brexit’ on the Walsall Property Market…

I have been holding off giving my thoughts, as I did not want to add fuel to the stories being banded around in the national press. However, it’s obviously a topic that you as Walsall buy to let landlords and Walsall homeowners are interested in…

We may or may not as the case may be, have a potential deal in the offering, there is still an amount of ambiguity about the exit plan so I am going to try and give you what I consider a fair and impartial piece on what would happen in Walsall if a hard Brexit takes place in March 2019.

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My BTL Deal of the Day 2 Bed Semi Walsall WS2 with Yields of 5.54%.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , , , , , , , ,

Carrying on from my last BTL deal of the day and keeping it to the same estate. This is a two bedroom semi detached house in the Beechdale/ Reedswood area of Walsall, WS2. An excellent spec and very well kept propertyy. Again, this is not a typical neutral décor, but is in keeping with the rest of the property. I would recommend booking a viewing sooner rather than later.

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My BTL Deal of the Day 2 Bed Terraced Walsall WS2 with Yields of 5.28%.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , , ,

A two bedroom terraced house in the Beechdale/ Reedswood area of Walsall, WS2. A very nice spec with décor that one wouldn’t consider to be the usual neutral standard for a rental property, but because the quality of the finish is immaculate and it works. Please book an appointment asap, this is going to get snapped up!

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The effects of a ‘Hard Brexit’ on the Walsall Property Market…

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , ,
The effects of a ‘Hard Brexit’ on the Walsall Property Market…
The effects of a ‘Hard Brexit’ on the Walsall Property Market…

Through the many conversations I have with my clients on a daily basis I find the Brexit effect is a real and worrying one for many.  This is usually the case when there is uncertainty in the air and as many questions remain unanswered…we can but attempt to make educated guesses on the how, what, when and if’s of the Brexit effect on the Walsall Property Market.  I can only comment on matters as they unravel and we learn together what the strategies of this exit may be as and when these are revealed to us.

Recently I feel Theresa May has wasted an opportunity to give peace of mind to our EU co-workers by not confirming their rights as EU citizens working and living in Walsall (and the rest of the UK). No.10 Downing Street’s point of view is that in promising the rights of EU citizens in the UK, it will postpone the same guarantee to the 1.5 million UK citizens living in the other nations of the EU.

For a moment let’s put aside the politics…the simple fact is now Article 50 has been set in motion, we have two years to make a deal with the EU, otherwise it will be a ‘hard Brexit’.  Now you might not think a hard Brexit will affect you in your home in Walsall…but nothing could be further from the truth.

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Is the Walsall Buy to Let Market Over-Saturated?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , ,
Is the Walsall Buy to Let Market Over-Saturated?
Is the Walsall Buy to Let Market Over-Saturated?

If I were a buy to let landlord in Walsall today, I might feel a little bruised by the assault made on my wallet after being (and continuing to be) ransacked over the last 12 months by HM Treasury’s tax changes on buy to let.

To add insult to injury, Brexit has caused a tempering of the Walsall property market with property prices not increasing by the levels we have seen in the last few years.  There is even a possibility we might even see a very slight drop in property prices this year and, if Walsall property prices do drop, the downside to that is that first time buyers could be attracted back into the Walsall property market; meaning less demand for renting ( ie rents will go down).

Before we all run for the hills, all these things could be serendipitous to every Walsall landlord, almost a blessing in disguise.

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Walsall Landlords…Avoid the Fire Sale!!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , ,
Walsall Landlords…Avoid the Fire Sale!!
Walsall Landlords…Avoid the Fire Sale!!

Apologies in advance… another article that refers to the EU vote… but this time, its better news for Walsall property owners!

Let’s face it; even the sanest person in Britain has to admit that the Brexit vote will, in one shape or another, affect UK property. We must exclude central London, however, which is another world! Most commentators are saying prices will be affected by around 5%. So looking at their thoughts in more detail, property values in Walsall will be 5% lower than they would have been if we hadn’t voted to leave the EU.

As the average value of a property in the Walsall Metropolitan Borough Council area is £159,900, this means property values are set to drop for the average Walsall property by £7,995… batten down the hatches… stock up with soup and milk… mega recession here we come… it’s going to get rough!

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