Welcome to the Basingstoke Property Blog

It has been a few months since Brexit and as we settle into the Autumn season, the newspapers have returned to their mixed messages of good news, bad news and indifferent news about Britain’s favourite subject after the weather ... the property market. The thing is, the UK does not have one housing market. Instead, it is a patchwork of mini property markets all performing in a different way. At one end of scale is Kensington and Chelsea, which has seen average prices drop in the last twelve months by 6.2% whilst in our South East region, house prices are 12.3% higher. But what about Basingstoke?   Property prices in Basingstoke are 14.8% higher than a year ago and 0.9% higher than last month.   So what does this mean for Basingstoke landlords and homeowners? Not that much unless you are buying or selling in reality. Most sellers are buyers as well, so if the one you are buying has gone up, the one you are selling has gone up too.  Everything is relati...

We have a landlord who wants to sell one of their properties. The property is to be sold with a tenant in situ on a fixed term AST until 12th Jun 2017 paying £795 per month. Here is the link. https://www.martinco.com/property/for-sale/278287

What has the plight of the Basingstoke savers to do with the Basingstoke Property Market? … everything in fact.   Reading the newspapers, every financial commentator is stating that with the decision of the Bank of England’s Monetary Policy Committee in early August to cut the Bank of England base rate to an all-time low of 0.25 per cent, savers should prepare themselves for interest rates to stay low well into the early 2020’s.   This isn’t some made up story to capture the headlines of newspaper editors. The yield on 10-year Government bonds is currently 0.61 per cent. This indicates that the money markets believe that the Bank of England’s base rate will, on average over the next ten years, be below the 0.61% rate they are buying the 10 year bonds at (because they would lose money if the average was over 0.61%). UK Interest rates are therefore expected to be low for a long time. For those who have saved throughout their working lives and are looking for way...

I had an interesting chat with an Old Basing landlord who owns a few properties in the town. He popped his head into my office as his wife was shopping in the area. We had never spoken before (because he uses another agent in the town to manage his Basingstoke properties), yet after reading my blog on the Basingstoke Property Market for a while, the landlord wanted to know my thoughts on how the recent interest rate cut would affect the Basingstoke property market and I would also like to share these thoughts with you. It’s been a few weeks now since interest rates were cut to 0.25% by the Bank of England as the Bank believed Brexit could lead to a materially lower path of growth for the UK, especially for the manufacturing and construction industries. For the country as a whole, the manufacturing and construction industries are still performing well below the pre-credit crunch levels of 2008/09, so the British economy remains highly susceptible to an economic shock. This is...