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Showing posts from June, 2017

13.94 Babies Born for Each New Home Built in the Royal Tunbridge Wells areA

As more babies are being born to Royal Tunbridge Wells mothers, I believe this increase will continue to add pressure to the over stretched Royal Tunbridge Wells property market and materially affect the local property market in the years to come. On the back of eight years of ever incremental increasing birth rates, a significant 13.94 babies were born for every new home that was built in the Tunbridge Wells council area in 2016.   I believe this has and will continue to exacerbate the Royal Tunbridge Wells housing shortage, meaning demand for housing, be it to buy or rent, has remained high.   The high birth rate has meant Royal Tunbridge Wells rents and Royal Tunbridge Wells property prices have remained resilient – even with the challenges the economy has felt over the last eight years, and they will continue to remain high in the years to come. This ratio of births to new homes has reach one its highest levels since 1945 ( back in the early 1970’s the average was only one and a ha

Royal Tunbridge Wells Flats Out Perform Property Market Average by 36%

According to the Land Registry's latest House Price Index for Royal Tunbridge Wells and the surrounding locality, the value of apartments/flats are rising at a faster rate than terraced/town houses, semi-detached properties and even detached property. Values of apartments in Royal Tunbridge Wells have increased by 5.25% over the past year, which is proportionally 36% more than the Royal Tunbridge Wells average rise of 3.86%. The last time flats/apartments in Royal Tunbridge Wells out performed all the other types of property, by such a gulf, was back in the summer of 2003. For comparison, the other property types performed as follows .. ·       Detached homes rose by 2.85% ·       Semi-detached homes rose by 3.38% ·       Terraced/Town-Houses rose by 3.68% This moderately increasing rate of property value growth is opportune – but no one should confuse it with a strong and vigorous healthy Royal Tunbridge Wells property market. Instead, it is somewhat an indicator of the long-lasti

Royal Tunbridge Wells rents rise by 22.6% since 2005

The Royal Tunbridge Wells Property Market is a very interesting animal and has been particularly fascinating over the last 12 years when we consider what has happened to Royal Tunbridge Wells rents and house prices. There’s currently much talk of what will happen to the rental property market following Brexit. To judge that, I believe we must look what happened in the 2008/9 credit crunch (and what has happened since) to judge rationale and methodically, the possible ramifications for long-term investors in the Royal Tunbridge Wells property market. You see, an important, yet overlooked measure is the performance of rental income vs house prices (i.e. the resultant yields over time). In Royal Tunbridge Wells (as for the rest of Great Britain), notwithstanding a slight drop in 2008 and 2009, property rentals have been gradually increasing. The income from rentals has been progressively increasing over the last 12 years. Today, they are 22.6% higher than they were at the beginning of 200

Should the 6,779 home owning OAP’s of Royal Tunbridge Wells be forced to downsize?

This was a question posed to me on social media a few weeks ago, after my article about our mature members of Royal Tunbridge Wells’ society and the fact many retirees feel trapped in their homes. After working hard for many years and buying a home for themselves and their family, the children have subsequently flown the nest and now they are left to rattle round in a big house. Many feel trapped in their big homes (hence I dubbed these Royal Tunbridge Wells home owning mature members of our society, ‘Generation Trapped’). So, should we force OAP Royal Tunbridge Wells’ homeowners to downsize? Well in the original article, I suggested that we as a society should encourage, through building, tax breaks and social acceptance that it’s a good thing to downsize. But should the Government force OAP’s? Well, one of the biggest reasons OAP’s move home is health (or lack of it) Looking at the statistics for Royal Tunbridge Wells, of the 6,779 Homeowners who are 65 years and older, whilst 4,351