At last! The long awaited rise of property prices has arrived. For a healthy deposit , you can start to make some money or sit tight on some while it increases.
With house prices supposedly on the up! rumours are rife that Rightmove figures which are not seasonally updated have shown house prices have gone up a fantastic 5.5% from last years figures and a cracking 8.8% rise in the first 8 months of the year.
Huge support in the mortgage market has meant that government lending incentives and the rising optimism in our societies recovery from the almighty recession , has as a result ignited a market price pick up .
For the fortunate few who have a sizeable deposit and ability to buy - with the power and flexibility needed to negotiate a good profitable price - a good investment can now be made. House prices are at their best for London home-owners , being the most marked with a 10.2% ‘up’ on last year ( according to Rightmove). The government is under pressure to make changes and retract plans to offer state-backed guarantees to riskier home-buyers.
Making the cash investor ever more popular to put their cash where it can return to them plus a bit more in a year or two. In contrast, the time to buy for first-time buyers has never been tougher. The new “Help to buy” initiative is to be announced by the government in their march budget and is due to take effect in January 2014. Houses are rising at their fastest pace since 2006, meaning that as it’s harder to buy , people may rent and save. Making the investors property ladder a very appealing climb.
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