We discovered that London not only dominates the list of the priciest Airbnbs in the UK with six properties among the top 20, but also boasts the most expensive offering across the nation. This is Cheyne Place, an eight-bedroom family home, nestled in the heart of Chelsea commanding a staggering £11,500 per night.

These are the 20 most expensive Airbnbs we found in the United Kingdom:

Key takeaways from our report:

• England holds 14 of the 20 priciest Airbnb rentals, Scotland claims 5, while the remaining one is tucked away in Wales.
• London leads with six properties within the top 20, followed by Gloucestershire, which secures two spots.
• An eight-bedroom family home in Chelsea ranks as the most expensive Airbnb in the UK, charging £11,500 per night, whereas an 1840s gothic castle near the Brecon Beacons emerges as the “cheapest” option on the list (£4,777 per night).
• Henry’s Townhouse in Marylebone, Central London, once the residence of English novelist Jane Austen’s brother Henry, stands out as the most extraordinary rental within the top 20, priced at £5,940 per night.
• Interestingly, a 7-day holiday at the family home in Chelsea (£80,500/week) would cost the average Brit over two years’ worth of full-time earnings (£34,963/year).
• The average monthly rental price in the UK as of February 2024 is £1,262, meaning a 7-night stay at Cheyne Place could cover more than five years’ worth of rent.

More information about the UK’s top 20 most expensive Airbnbs is available in the full report here. It also features a map, showcasing the priciest listings in 15 major urban areas nationwide.

The post UK’s Priciest AirBnb is 8 Bed Family Home in Chelsea for £11.5k Per Night first appeared on Property Insider.

This is down from a peak of 10.3% observed in 2Q 2022, according to the latest report from the Building Cost Information Service (BCIS).

The estimate is the consensus of the BCIS TPI Panel based on analysed Delphi survey results and does not necessarily represent the views of individual participants.

The range of responses reported on tender price movement between 4Q 2023 and 1Q 2024 was between 0.0% and 0.8%.

Similarly to the last quarter, the panel reported overheads and profit, as a percentage of the contract sum, at an average of 5.3%.

Dr David Crosthwaite, chief economist at BCIS said: “With contraction in construction demand, the knock-on effect is inevitably fewer opportunities and a greater keenness to tender. We’re forecasting annual growth in tender prices to continue to slow this year, but to rise by 17% over the next five years.”

Through their survey responses and in discussion, panellists pointed to various pertinent factors in the industry and wider financial climate impacting on tender pricing.

When asked how easy it was to get contractors to tender, the panel pointed to a slightly increased eagerness in 1Q 2024 compared with the previous quarter. On a scale of 1 to 5, where 1 means cannot get anyone to tender through to 5 meaning contractors are very eager to tender, the majority (58%) selected 4.

Panellists reported anecdotally on tenders coming in at and under cost plans, with contractors eager to fill their order books for up to a year’s time. This is also reflected in overheads and profit percentages, which panellists reported were starting to come in below levels observed previously. One panel member noted that while there is noticeably increased interest in new opportunities, caution persists, and contractors are looking carefully before committing.

What’s in the pipeline?

One-third of respondents reported a slight reduction in anticipated projects going to tender in the next 12 months, compared with the previous 12 months. A total of 42% said their pipeline was unchanged from 4Q 2023 to 1Q 2024, while 17% said it had increased slightly.

Reflecting on the decline in new orders outlined in recent ONS data, panellists commented that, while there is generally no fierce competition for tenders in the market, there is also not a huge amount of work available. There was a suggestion that it’s not always easy to determine whether constraints on the supply or demand side are pulling hardest.

Resources and supply chains

As materials cost inflation has cooled, panellists have reported fewer issues with pricing levels. Among materials highlighted by respondents, there was said to be continuing issues with semiconductors, as well as concrete and M&E product cost increases, but otherwise a stabilisation of steel prices.

Attacks in the Red Sea were highlighted as a possible risk to inflation. However, panellists reported that they had seen very little effect on tender pricing. While one panellist reported some increases in material costs, another said the effects had only been seen in longer lead times, and that the net cost of diverting ships around the Cape of Good Hope is not much more when the cost of transiting the Suez Canal is factored in.

There was agreement that, where there have been price increases, it was likely to be as much about incorporating risk into prices, as about actual increases in freight costs.

With labour availability highlighted as a challenge by several respondents, the panel agreed the effects of reduced demand in the market, but not equally across sectors, is in evidence. While M&E does not have any slack, other sectors do, which is showing in fewer vacancies and wage growth in construction being relatively lower than other industries.

Differences between project size, work type and sectors

Nearly two-thirds of panel members reported differential movement between building work and mechanical and electrical work (M&E). Those who said there was a difference stated M&E is seeing higher price levels for a variety of reasons, but particularly because of a lack of available specialist contractors and because demand has not dropped in the sector.

Risk of insolvencies to the supply chain

After the risk of insolvencies in the industry were raised by the panel, particularly around supply chain capacity, there was a suggestion that groundworks firms have been particularly affected because they are more exposed to the sectors which have experienced reduced demand.

For more information about BCIS, please visit: www.bcis.co.uk.

The post Annual Growth in Construction Tender Prices Continues to Ease first appeared on Property Insider.

For example, this report quoting research by Hamptons says that the average home sold in March had been on the market for 48 days. This was 22 days longer than March last year, when time to sell was at a record low.

Is the market actually slow right now?

It’s important to bear in mind that everything is relative. Between late 2020 and mid 2022 it was not unusual for properties to sell within a few days of being listed. Sometimes before all the interested buyers were able to view them.

But that was far from a normal situation. Over the long term most experts would probably agree that a reasonable time to expose a property to the market and find a buyer would be at least two months.

According to official figures (although it’s not clear how they were arrived at) buying or selling a home normally takes two to three months.

There have been a few periods when the market was much slower. For example, in the early 1990s or after the 2008 financial crisis some properties lingered on the market for a year or more. But, in most years, a two to three month window has been a well accepted norm.

How to sell in a slow market

So, if you have a property that won’t sell within a reasonable timeframe what (if anything) can you do?

In uncertain times for the economy when significant numbers of people don’t want or can’t afford to buy it can seem a problem with no solution. But there are some possible solutions:

* Think well ahead. Sellers should try to list at the busier times of the year for house buying if possible. These are generally spring or autumn. It’s not so easy now to sell at any time that suits you as it has in the recent past.

When conveyancing time is added on it would be sensible to think of moving house as at least a six month endeavour, not a 2-3 month one.

* Sellers should shop around for the best estate agent to sell their property. Although this is always important it is especially important now. Check what an agent’s current selling times are, perhaps using one of the sites that offer this information.

* Consider alternative methods of selling. For example, selling in a property auction or selling to a house buying company. These might offer a sale within a shorter timeframe than offering a property on the open market. (Although bear in mind the price achieved and selling costs may be different.)

* Prepare a property for sale especially well in a slow market. In busy times pretty much any property will sell. But in slower times the smaller number of buyers out there may only view the best presented properties available. And they can afford to be more choosy. Make sure your property is clean and tidy, well presented and has no significant defects.

Agents shouldn’t be reticent to point out that sellers might not get any viewings if their property is poorly presented.

* Market a property for sale extensively. In busy times just listing a property on a portal or website will probably be more than enough to find a buyer. But more effort is needed in slower times. Agents need good quality sales material. They need to proactively market a property to registered buyers, and use methods like social media to promote it to a wider audience.

* Correct pricing is essential to sell a property in a slower market. Estate agents are well placed to advise on this.

Property values have changed in recent months, and will continue to change. Recent sales comparables may only be of limited use. Many properties are likely to be worth less, but not all. The situation isn’t the same for every type of property and for every area.

Generally sellers should have more realistic price expectations at the moment. Agents shouldn’t be reticent to advise sellers of this, and manage seller expectations.

* Set a realistic asking price. This is probably the most important thing in a slower market.

When houses are taking longer to sell it’s best to avoid situations where you set an ambitious asking price on the basis you can reduce it later if you need to. In such a market reducing the asking price after a property has been first exposed to the market might not generate any extra interest at all.

With a realistic asking price you are likely to get much more interest. Even in a slower market you may get several offers, and may even be able to sell above the asking price, when you start from the seller’s minimum price expectation.

Originally written by Mark Hempshell for Apex27.

The post Houses Taking Longer To Sell …. What Can You Do? first appeared on Property Insider.

TE Buyer Assist is Taylor Emmet’s proactive approach to conveyancing, which will lead to completions finalising up to four weeks quicker than the industry average.

Leveraging the latest digital technology to provide rapid onboarding within 48 to 72 hours of a purchase agreement, the dedicated team at Taylor Emmet commence work on transactions immediately, irrespective of the receipt of a contract pack from the selling solicitors. This allows for an early-stage review of the property title and application for relevant searches, thereby identifying and resolving pertinent legal issues at the earliest opportunity to expedite transaction times.

Taylor Emmet has also introduced a unique ‘Buyers Protection’ cover within TE Buyer Assist. This reassures clients that, should a transaction not reach completion for any reason, Taylor Emmet will waive the upfront legal costs and offer free searches on the subsequent purchase.

Neil Riley, Conveyancing Partner, at Taylor Emmet said: “We’re excited to introduce TE Buyer Assist to the marketplace. We understand that buying a property can be stressful, and we aim to take that stress away and get our clients moving as quickly as possible.

“Not only does this service aim to fast track moving home it also offers our clients peace of mind through our ‘Buyers Protection’ cover. Unfortunately, for a variety of reasons a transaction might not reach completion and as such a client may choose to buy a different property.

“We believe that this service, coupled without commitment to clear and timely communication, has the potential to completely change the home buying process.”

For more information about TE Buyer Assist, visit: https://www.tayloremmet.co.uk/personal/residential-conveyancing/buyer-assist/

The post Taylor Emmet Launches Ground-Breaking Service for Home Buyers first appeared on Property Insider.

“The Government has been open about wanting to clamp down on holiday lets for a while, particularly in the South. The abolishment of the furnished holiday lets regime is set to add yet more pressure to holiday let owners who are already feeling the effects of high mortgage rates and energy prices, with little impact on the key issue in the private rental sector: lack of supply.

“The tax breaks made short term holiday letting a viable alternative to renting to long term tenants and scrapping these benefits is unlikely to make any noticeable difference to the supply of long-term rental properties in the UK. Whilst we understand concerns from locals looking to rent properties in coastal holiday let hotspots such as Cornwall, 5.7% of properties in the South West alone are classed as vacant (meaning there are no usual residents living there with no indication of it being used for short term lets) and a crackdown on these properties would have had more of an impact on available supply for locals in these areas.

“Likewise, the government’s failure to address the estimated 1.4 million vacant properties across the UK and build enough housing to meet demand has meant that holiday let owners are left feeling the pinch and this may encourage more landlords to leave the market altogether. Ultimately holiday lets help drive a big portion of local economies through tourism and their value has been somewhat overlooked.”

The post Short Let Owners Feel the Pinch – But Where’s the Plan for 1.4m Vacant Properties? first appeared on Property Insider.

With developers in parts of West London unable to build new homes until 2035 due to the lack of electricity supply, it is imperative for local authorities, developers and the built environment industry to future proof their cities by investing in decarbonisation projects.

AESG, an international consultancy, engineering and advisory firm, in collaboration with the LDN Collective (a network of built environment experts & creatives fighting to improve people’s lives & the planet’s prospects) and West London Business (representing the private sector in the UK’s largest sub-regional economy) have released new research that identifies 10 principles for planning and designing net zero neighbourhoods, with 10 global case studies to learn from, and a summary of the latest innovations accelerating change. The report aims to give confidence to governments, city planners, investors and developers to embrace more radical innovation, explore new funding models and skill up to retrofit at scale, in order to future-proof developments for a more resilient future.

The research highlights 10 key areas of focus exemplified by 10 neighbourhood scale projects that have been built around the world with evidence-based outcomes. The focus areas range from optimisation; renewable technology; renewable energy; heat networks; local authority engagement; socio-economic benefits; demand response and energy storage through to funding mechanisms, digitisation and automation.

Commenting on the piece, Max Farrell, Founder & CEO of the LDN Collective and Chair of Built Environment for West London Business said

“Addressing climate change at the neighbourhood scale is a complex challenge that can only be done collectively, and it needs immediate and radical action to be taken. Within the UK, government at every level has committed to achieve net zero within the next 15-30 years, yet local authorities face significant challenges funding the transition. We hope this report will help provide clarity on the principles that need to be followed, with examples of outcomes from those who have already embarked on the journey to net zero”

Niall Bolger, CEO of the London Borough of Hounslow and Co-Chair of the Cities Commission for Climate Investment (3Ci) said;

“We commend West London Business, the LDN Collective and AESG for providing leadership and guidance that will help support the UK’s vision for achieving net zero, building on the business case published by 3Ci, and raising the bar for sustainable neighbourhoods worldwide.”

The report, developed by AESG’s globally renowned team of sustainability experts, and supported by West London Business and the LDN Collective, focuses on the principles that achieving net zero neighbourhoods requires – planning a community development at the macro-level, understanding interdependencies of systems and implementing solutions to mitigate the risks.

Briefly summarising the insight and guidance informed by the case studies, Sam Luker AESG’s Associate Sustainability Director said.

“Approaching Net Zero from the Neighbourhood perspective enables a more holistic and attainable approach to the decarbonisation of our urban environment. By bringing together a mix of residential, retail and other commercial uses, we are able to create scale and most importantly, a revenue stream that unlocks private capital for decarbonisation projects. Furthermore, the Net Zero Neighbourhoods approach necessitates collaboration between the public and the private sectors, both of which are working towards the same goal. Innovative funding mechanisms and a focus on socio-economic value facilitates community buy in and the roll out of decarbonisation projects. This enables sustainable design measures to be implemented at the neighbourhood level, facilitating the UK’s bottom up transition towards Net Zero”.

The ‘Net Zero Neighbourhoods: Redesigning Neighbourhoods for a Low Carbon Future‘ Report is available as a free download from: www.westlondon.com/netzeroneighbourhoods-report

The post Net Zero Neighbourhoods Report Launched To Further Uptake for Low Carbon Future first appeared on Property Insider.

However, despite the positive intentions behind the consultation, there are several critical considerations and unanswered questions which require both government and industry’s attention.

1. The local versus central question

Recent statements from government ministers Baroness Penn and Lee Rowley seem to support central control over net zero requirements through the revised standards.  However, this top-down approach is at odds with the government’s broader commitment to devolve power to local authorities and the instruction of the National Planning Policy Framework (NPPF).  This also comes in the wake of a High Court ruling this month (February) in favour of campaigners challenging the Planning Inspectorate’s decision on net-zero homes in the Salt Cross Garden Village in Oxfordshire, where the rejected the arguments made by the government’s legal team in support of the local planning inspectorate.

While national regulations set a ‘‘minimum requirement’’ the importance of defending local autonomy in shaping policies that align with both national objectives and the unique needs of individual communities becomes extremely important.  

2. Cost of materials

The impact of how materials are made and used over time is not considered. This is extremely important as the impact of construction of materials needs to be recognised, too.

3. Existing buildings

Both homes and non-domestic buildings need special attention, especially given that most of the country’s building stock is not recent, making reliance solely on cleaner energy insufficient for these existing structures. Although the consultation acknowledges existing buildings, it lacks the necessary detail.

The recent King’s Speech saw the government row back on net zero commitments and further muddied the waters.  More clarity on the direction of travel is urgently required, so investors, owners and occupiers can plan forward. We also need to encourage adaptive re-use and establish robust monitoring and maintenance requirements.

4. Capital cost uplifts and long-term implications

While the focus is on how much it costs to build something new, what is missing is the long-term cost for people who will live in these homes. This should include system replacement cost, maintenance cost, exposure to energy prices and health and wellbeing. Post-occupancy insurances would be welcome along with checks. Addressing fuel poverty and ensuring the positive impacts of these standards reach every corner of society and should be a central focus of our mission.   

5. Fabric upgrades and approach to energy efficiency

The Future Homes Standard proposes to eliminate fossil fuel heating systems, promoting the adoption of highly efficient air source heat pumps, or equivalent electric solutions, encouraging widespread use of solar PV panels.  Most of those solutions don’t have a long life expectancy.  For buildings with a heating requirement, improvements to how much heat is lost due to fabric elements should be the focus.

6. User impact of technological emphasis

While technology advancements are all well and good, adding more complex systems might create user experience challenges. Passive elements are easier to use.  Achieving inclusivity requires considering varying levels of familiarity among different population groups. Providing comprehensive home user guides and handover is crucial for maximising the benefits of interconnected systems like PV, smart hot water tanks, heat pumps, ventilation systems, battery technologies, and EV charging. Accessibility to supply chains impacts maintenance, emphasising the need for simplified operations and user-friendly interfaces to ensure widespread adoption and long-term success. More focus on the user/occupier would be welcome.

7. Grid infrastructure resilience

It’s not just about using cleaner energy; it’s about making sure national and decentralised systems can handle it without any problems and that it is put to best use. Energy efficiency remains a central consideration, as is possibly more decentralised energy management solutions. The recent association of decarbonisation with an all-electric approach, awaiting the UK Electricity grid to decarbonise, poses challenges if implemented incorrectly. This may escalate user running costs, raise concerns about the timing and impact of energy consumption, and prompt questions about addressing these new buildings in the future when they transition to existing structures.

Tassos Kougionis is Director of Sustainability and ESG at McBains

The post Opinion: The Future Homes and Buildings Standards: Seven areas where the guidance needs more clarity first appeared on Property Insider.

Birchgrove, the UK’s leading provider of rented retirement homes, and Hybr, the UK’s leading student letting platform, today announce an industry-first intergenerational living scheme which will see students and key workers live alongside retirees in the same purpose-built, privately rented retirement development.

Ayrton House is a new 60 apartment rental retirement community in Mill Hill, North London. When launched in October this year, 16 apartments across the third and fourth floors will be offered exclusively to trainee doctors and nurses from the local hospital, university post-graduates and graduate scheme students.

The pioneering scheme has been designed to generate a vibrant community by harnessing the benefits of intergenerational living, with several pieces of research highlighting how the model is physically and mentally beneficial for both the young and elderly.

A 2019 UCL study highlighted how increased social contact for elderly people is associated with a lower risk of developing dementia, while an Ageing Research study has highlighted how intergenerational living benefits the elderly by giving them a greater sense of purpose and combatting loneliness, in turn leading to a greater life expectancy.

Further research has also demonstrated how younger people benefit from living with elderly people – by enabling them to gain a deeper understanding of the older generation, and increasing their tolerance, empathy and understanding.

The students will live at Ayrton House on short-term tenancies running until June 2025, sharing communal facilities with the development’s retirees – including full access to the gym and the same subsidised rates in the restaurant. Furthermore, the rent on the 16 student units will be approximately 50% of market value. The project therefore means that students will have access to affordable, high-quality accommodation at a time when nearly two thirds of all students are struggling to pay their rent.

At the end of the tenancies in June 2025, the 16 student units will be vacated and restored to first use state, before being let to retirees.

Ayrton House is Birchgrove’s third development in the capital, and the ninth in their portfolio. The £36m development is the centrepiece of “Ridgeway Views” residential scheme, a 47 acre, 528 home project in Mill Hill’s conservation area, and will offer residents a restaurant, club room, licensed bar and wellness suite, as well as landscaped gardens.

For over 80 years the historic art deco National Institute for Medical Research, designed by the original Wembley Stadium architect Max Ayrton, was located on the site; the new development pays testament to Ayrton’s original design both in name and by reproducing the original building’s iconic green copper roof.

 Honor Barratt, Chief Executive, Birchgrove said:

“Traditionally, intergenerational living took the form of generations of the same family residing together in a single household. Today, we are pioneering a new model: one that brings different generations together within the same purpose-built housing development. It’s a unique approach, one that we’re hugely excited about, and that we believe will really benefit both young and elderly residents alike.”

Hannah Chappatte, Founder, Hybr said:

“We’re breaking down stereotypes and breaking the mould of traditional housing! Honor and I saw an opportunity to address the two loneliest subsections of societies – the under 25s and the over 70s. We’re tackling the housing crisis for students (where students need more available housing options) while finding a solution to the severe loneliness amongst seniors.

“The seniors support the younger people by making them feel like they have a purpose and familial presence, and seniors get to be around the young to create a more upbeat environment: fostering connections that enrich lives and reduce loneliness. It’s not for everyone, but it’s a real win, win for those that buy into the concept.”

The post Birchgrove and Hybr Launch First of its Kind Intergenerational Living first appeared on Property Insider.

Recently introduced requirements from the Housing Secretary will see those responsible for letting out properties have to resolve issues quicker than ever before, with time limits of as little as 24 hours for emergency issues.

Aaron Mcwilliam, Managing Director of PropCall, believes the tight time constraints of Awaab’s Law could affect managing agents’ workloads quickly and drastically, impacting heavily on their ability to switch off outside of working hours.

The strain could be particularly evident on weekends, with the 24-hour turnaround impossible to achieve without having to work during time off.

He said: “Over the last few years – particularly post-pandemic – we have seen employees’ priorities shift, and more people are now looking for flexibility and better work-life balance opportunities from their employer.

“These new regulations could have a negative effect on this, with mounting pressure for property managers to be ‘switched on’ 24/7 in order to deal with any issues and work over the weekend.

“Numerous studies have shown that those with a better work-life balance are more productive and ultimately contribute more to their company as they are able to fully relax and recharge when they are not in the office, giving their best performance when they return to work.”

Offering a better work-life balance was one of the founding principles of PropCall, which provides an out-of-hours call-handling service to estate and letting agents, as well as block management and student lettings companies.

PropCall’s team is made up of property managers who have extensive experience across multiple sectors, and handle calls from tenants, contractors or suppliers outside of your normal office hours, as well as ensuring you never miss a quality lead.

Aaron added: “Utilising support from external companies could be the solution, as it allows staff to hand over the reins after hours and leave their worries at the door. With PropCall, tenants receive expert care, while also getting advice and support for maintenance issues alongside 24-hour emergency contractor call-outs, should they be needed.

“Our unique remote video assistance tool allows us to triage any maintenance issues, helping callers fix remotely where possible and reducing any unnecessary call-outs, so you no longer have to stress about work when you’re not there and can focus on spending time with your loved ones and recharging.”

To find out more visit PropCall.

The post New Legislation Could Lead to Increased Pressure on Property Managers first appeared on Property Insider.

Firstly, the property market is certainly an unusual market at the moment. Prices are holding up pretty well, although demand is notably down. But then that follows three years or so of a market that probably should have fallen but just kept going up and up.

So let’s weigh up some factors that might help you decide whether you should make a move in the property market now, or wait.

Why might you buy property now?

House prices are starting to fall, according to most price indices. So you may be able to buy for less than you thought, or even get a bargain. (Price falls aren’t equal across the market however. They are larger in some places but minimal in others.).

The property market is cooler in most places. That makes the business of buying less hectic and less stressful.

In a cooler property market you don’t have to rush to view and make an offer the day a property reaches the market – as has sometimes been the case in recent times. You probably won’t be competing with a dozen or more keen buyers. You can take your time.

You can probably make an offer that is below the asking price and still be taken seriously  rather than being expected to make an offer over the asking price, as has been the case in recent times. You may even be successful with a cheeky bid!

If you’re currently renting you may find that, bearing in mind the current high level of rents, buying will actually work out cheaper than renting.

If you’re buying to let then, in a situation where prices are tailing off but rents are strong if not rising, you can get some very attractive yields with the right investment. Demand for rentals is sky high in most places, so you shouldn’t be short of tenants either.

Why might you wait?

Now let’s look at why now may not be such a good time to buy:

Property prices may have fallen slightly in many places but they’re still at historic highs. They are forecast to fall further over the next year or so, before rising again. So if you buy now you may need to be willing to take a short term loss, at least on paper.

Trying to time the property market is, however, always a tricky and uncertain business.

The cost of a mortgage is uncertain. Most experts believe that interest rates have peaked. But it’s by no means clear.

One way to look at this is that if you can afford a mortgage now you should probably be able to afford it in the long term. If interest rates fall you might be able to remortgage at a lower rate. (Always make sure a mortgage you take is affordable if rates rise however.)

There are sometimes practical difficulties involved with getting a mortgage at the moment too. A volatile market means that mortgage products are being withdrawn, introduced and withdrawn at very short (and often no) notice. There’s a risk that even if you get a mortgage offer in advance it might not be available when completion time comes.

There’s an increased risk of fall-throughs at the moment, partly because of the volatile mortgage market and volatile pricing. Even if your purchase goes smoothly there could be a chain further down the line and that could be at more risk of collapsing so affecting your purchase.

How to decide if now is a good time to buy or not

So should you buy property (or invest in property) now …. or wait until the market seems more favourable?

This is the question that property buyers and property investors have been asking for decades!

Every buyer or investor always hopes to find that sweet spot, where they can buy at the lowest point in the market, just before the market starts to rise. In reality that rarely happens, and then mostly by chance. Predicting the peaks and troughs in the property market is notoriously difficult (some would say impossible).

The best way to look at whether now is a good time to buy property, or whether you should wait, is to do so on the basis of what is right for you. If a property is right for you, if you think the price is a good one, and if you can afford it then now is a good time to buy. If it isn’t, it isn’t and you can’t then it is probably better to wait.

Originally written by Mark Hempshell for Apex 27.

The post Buy Property Now Or Wait? first appeared on Property Insider.