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Alexander and Co
by on September 6, 2019
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Here's why timing is everything in the Aylesbury property market.
We can't remember a time when there's been more excitement about the Aylesbury property market. We're having more conversations with the buyers and sellers we advise who realise that they've 'timed their runs' perfectly. As we've seen many times before; as the market turns a corner, momentum starts building very fast.
It can't be denied that the market has been fairly cool of late. Indeed across the whole region, there were 26.7 per cent fewer sales in the first half of 2019 than in the same period of 2018. In Aylesbury, sales were 38.2 per cent down, so we've underperformed the regional market but that comes as no surprise given the change comes from a high base.
Landlords will have to approach this market cycle in a very different manner to the last one. The government has created a much less hospitable tax environment, particularly the removal of mortgage interest tax relief. However, for any landlord willing to run their portfolio, however big, like a business they will find the competition from other less serious landlords has thinned dramatically.
It remains to be seen what twists and turns the next cycle has in store fo us, and indeed who will be the biggest winners. One thing is undoubtedly true though - those who work with a local expert who really understands the inner workings of the local market will always come out on top.
Read More... @https://www.alexanderandco.co.uk/market-updates/aylesbury/305-here-s-why-timing-is-everything-in-the-aylesbury-property-market
Posted in: Real Estate
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