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It is good to see the government building new properties.
https://www.mortgagestrategy.co.uk/gover...new-towns/Of the 21 sites selected for this investment, North Essex, comprising Colchester, Tendring and Braintree has the largest number of properties earmarked for construction, at 43,000.Some of the towns earmarked for this money - which include the above and Basingstoke and Bicester - could see regeneration and improved transport links, which could signal opportunity for investors who buy before the developments are completed, and therefore benefit from potential capital appreciation across the area.New home construction has not been as high as it should be. The house building in London suburbs after the WWII was useful in developing the outer boroughs and the amount of Victorian Terraces built around the turn of century are in so much use today. As long as the government can build efficiently new home construction will always provide value for the country. Bricks and mortar especially when built will rarely make losses. At the same time as providing more housing in vital areas it is providing jobs and this benefit will be seen in other areas of the economy.
We are also pleased to announce that premium members of the website can now search by ROCI (Return On Cash Invested).
We hope that this feature can help newbie investors find deals generating returns closer to the more experienced investors.
We always suggest you verify the rents and change figures to see how variations can effect your investment return. So we have also updated and provided what we feel are the best calculators available so you might want to bookmark the calculator link in your phones to do quick calculations when you are out and about property shopping.
" New home construction has not been as high as it should be. "And hasn't been in the last 40+ years."The house building in London suburbs after the WWII was useful in developing the outer boroughs and the amount of Victorian Terraces built around the turn of century are in so much use today. "But some Govt. sponsored think-tank/accountant would say those properties have long since outlived their natural lives and are not inkeeping with modern lifestyles.On a similar scale, new-build will never be to the same quality as those Victorian Terraces.
I agree Adam.No one is building any more Victorian terraces and they are exceedingly popular with owner occupiers. With scarcity comes value. That is why, in booming Northern cities, I would be purchasing Victorian terraces. With scarcity comes value. With over supply when not enough demand, comes a reduction in value.
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
No one is building any more Victorian terraces and they are exceedingly popular with owner occupiers.
Great business opportunity there for a savvy developer with the right plot of land.
My mate has just built these four houses and they'll be about a million each.
(Er... I've apparently not passed my probation because none of my photos load up?!?)