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 3 Bed Terrace House Dickinson Drive WS2 Yielding 5.56%

This has been just added today. A three bedroom end terraced house, Dickinson drive, Bescot, Walsall, WS2. This property will need some upgrading to the decor and flooring as it’s kind of living in the past at the moment. On the plus side there are two double bedrooms and a single. A utility room with plumbing for white goods and a separate wc. The family bathroom is downstairs, however the master bedroom has an en-suite. Add to this a medium sized rear garden which is low maintenance along with off-road parking to the front alowing space for two cars. There is also gas central heatin and double glazing. The property is is further strengthened by its location about half a mile from M6 junction 9, ideal for commuting. For the frustrated footballer in all of us, Bescot stadium is but a short 10 minute stroll away. For your weekly shopping supplies look no further than the large Morrisons superstore also  just around the corner.

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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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5 Easy-Peasy ways your Walsall home can attract Tenants & Buyers with kerb appeal

5 Easy-Peasy ways your Walsall home can attract Tenants & Buyers with kerb appeal
5 Easy-Peasy ways your Walsall home can attract Tenants & Buyers with kerb appeal

Too often I am going to meet landlords and vendors in Walsall who have a perceived idea of how to present their home when looking for a tenant or a buyer.  I have always said that you want to present your home in a way which will take the prospect’s mind away from thoughts of excess expenditure and expensive necessary changes they may have to fork from their pocket in addition to paying that all important price tag.  The moment you have prospects thinking of where to place that all important sofa or ‘Will my bed fit in this room?’, is where you have created a chance of converting the prospect into a potential tenant or buyer.  Now that’s on the inside but how important is the outside and what can you do to make your Walsall home more desirable?

You want your home to stand out from the crowd.  You want tenants or buyers flocking to see what it has to offer.  First impressions matter, and how your home looks from the outside can impact how buyers view the inside.  Wow them from the kerb and they will enter with hope and anticipation. Disappoint them and it will take twice as much effort for your property to win them over.

Getting the right kerb appeal doesn’t take rocket science; here are 5 easy-peasy ways to attract Walsall tenants & buyers.

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