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.
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!
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.
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.
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!