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:
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.
After the weather and football, the British obsession on the UK property market is without comparison to any other country in the world. I could swear The Daily Mail has the state of the country’s property market on its standard weekly rotation of front-page stories! Many times before I have said before on my blog, there are better economic indexes and statistics to judge the economy by, and more importantly, the property market. If you recall, I said the number of transactions was just as important, if not more, as an indicator of the state of the property market.
Worries that the Brexit referendum would lead to a fast crash in Walsall and national property values were unfounded, although the growth of property values in Walsall has reduced since the referendum in the summer of 2016.
Now, it’s true the Walsall property market is seeing less people sell and move and the property values are increasing at a slower rate in 2018 compared to the lofty days of the first half of this decade, but before we all start panicking, let’s ask ourselves, what exactly has happened in the past couple of years since the Brexit vote?
A traditional two bedroom terraced house in the Chuckery area of Walsall and a popular area for rentals.
Roll up, roll up guys and gals and feast your eyes on this little beauty! My advice? Get in there now and arrange a viewing! Marketed by Connells (01922 716026) at £110k and stated as a ‘Fantastic buy to let investment opportunity’. The spec is bang on the money and ready to go. The full property details can be found here.