How does Unemployment Drive the 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%.

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 Week, Nottingham New Road, Walsall, WS2 With Yields Of 6.50%.

A two bedroom semi detached house on the popular Reedswood estate in Walsall, WS2.

This is just a quick one this week following on from my involvment with the letting of a similar property on the same estate this week.

Sadly, there are no other photos on the listing, but suffice to say it has two double bedrooms, a modern kitchen, a family bathroom with shower, a rear garden and off-road parking. It would be better appreciated by a viewing. The location is within easy reach of all the major road networks, services and other amenities lending easy access to Walsall town centre plus Reedswood Retail Park is just around the corner.

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MY BTL Deal of the Week Has Been Reduced in Price Yielding A Minimum 5.54%

A two bedroom end terraced house first listed in May of this year, but now has been reduced by 10k just two months later! Now, c’mon Walsall landlords how can you pass up this opportunity on such a well presented and ready to go rental property?

There are two double bedrooms, a family bathroom.  A modern kitchen with integrated white goods, a fair sized rear garden and off-road parking. It would be better appreciated by a viewing. The location is within easy reach of all the major road networks, services and other amenities lending easy access to Walsall town centre.

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My BTL Deal of the Week Yielding 6.24% is Set to Entice #Walsall Landlords?

A three bedroomed semi detached house on Attlee Road, Bentley, Walsall, WS2. If as a Walsall landlord you like projects then this is the you! I haven’t covered a property like this for a while, so it’s about time.

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

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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Cash or Mortgage When Buying Walsall Property?

Cash or Mortgage When Buying Walsall Property
Cash or Mortgage When Buying Walsall Property?

In recent weeks I have had the pleasure of meeting up with a few investors who were looking to enter the Walsall Property Market.  There are so many approaches to investing in property and many ‘Guru’ type figures out there, all willing and able to help…all for a fee of course (some of the fees are eye watering)!!  Having attended the course, some of the investors found my Blog and decided to take me up on the offer of a meeting over a cuppa.  The common theme/ question that came up repeatedly was… “Do I buy with or without a mortgage”!?

For most Walsall people, a mortgage is the only way to buy a property. However, for some, especially Walsall homeowners who have paid off their mortgage or Walsall buy to let landlords, many have the choice to pay exclusively with cash. So, the real question is, should you use all your cash, or could a mortgage be a more suitable option?

Well, looking at the numbers locally…

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