The Unfairness of the Bexhill Baby Boomer’s £3,403,330,000 Windfall? (Part 1)

Recently I was having a chat with one of my second cousins at a big family get-together. The last time I had seen them their children were in their early teens. Now their children are all grown up, have partners, dogs and children. Wow – how time flies!

So, I got talking over a glass of lemonade with my 2nd cousins and a couple of their children, about the times of 15% interest rates and how the more mature members of our family had to endure the 3 day week, 20% inflation and the threat of nuclear annihilation in 4 minutes … so, foolishly, I said what with all the opportunities youngsters had to day, they had never had it so good! Continue reading “The Unfairness of the Bexhill Baby Boomer’s £3,403,330,000 Windfall? (Part 1)”

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Bexhill Property Market and Mysterious Politics of the General Election

As the dust starts to settle on the various unread General Election party manifestos, with their ‘bran-bucket’ made up numbers, life goes back to normal as political rhetoric on social media is replaced with pictures of cats and people’s lunch. Joking aside though, all the political parties promised so much on the housing front in their manifestos, should they be elected at the General Election. In hindsight, irrespective of which party, they seldom deliver on those promises.  Continue reading “Bexhill Property Market and Mysterious Politics of the General Election”

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New House Building in Bexhill slumps by 22.3% in the last year

Let me speak frankly, even with Brexit and the fact immigration numbers will now be reduced in the coming years, there is an unending and severe shortage of new housing being built in the Bexhill area (and the UK as a whole).  Even if there are short term confidence trembles fueled by newspapers hungry for bad news, the ever growing population of Bexhill with its high demand for property versus curtailed supply of properties being built, this imbalance of supply/demand and the possibility of even lower interest rates will underpin the property market.

When the Conservatives were elected in 2015, David Cameron vowed to build 1,000,000 new homes by 2020.  If we as a country hit those levels of building, most academics stated the UK Housing market would balance itself as the increased supply of property would give a chance for the younger generation to buy their own home as opposed to rent them.  However, the up-to-date building figures show that in the first three months of 2016 building starts were down.  Nationally, there were 35,530 house building starts in the first quarter, a long way off the 50,000 a quarter required to hit those ambitious targets.

Continue reading “New House Building in Bexhill slumps by 22.3% in the last year”

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58.8% of voters in Rother District voted to leave the EU– What now for the 19,199 Bexhill-On-Sea landlords and homeowners?

It is 5.50am, and as I start to type this article, David Dimbleby has just announced that the UK will be leaving the EU as the final votes are counted and verified.  As most of the polls suggested a Remain winning outcome, it came as a surprise to most people, including the analysts in the City. Sterling Pound has dropped 6% this morning after the City got their predictions wrong and MP’s from the Remain camp are now starting to use words like “challenging times ahead”.

So, now the vote has been made and the people of our country have spoken, what is next for the 14,498 Bexhill homeowners especially the 5,124 of those Bexhill homeowners with a mortgage?

Continue reading “58.8% of voters in Rother District voted to leave the EU– What now for the 19,199 Bexhill-On-Sea landlords and homeowners?”

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What would Brexit mean to the 14,500 Bexhill-On-Sea property owners?

If you read all the newspapers, the Brexit debate seems to be focused solely on central London. Many commentators have said Brexit would mean central London would have a lower standing in the world, meaning less people would be employed in Central London, with the implication of lower wages, fewer jobs etc. in Central London, but we are in Bexhill, not Marylebone, Mayfair or any part of Zone 1 London.

Now on the run up to the vote on the 23rd of June, I predict the ‘in’ camp will start to scare homeowners with forecasts of negative equity, and the ‘out’ camp will appeal the 20 somethings, who have been priced out of the property market with the prospect of a new era of inexpensive housing, should the fears of central London estate agents and developers, who believe the bottom will fall out of the market if we do leave, become real. The only reason the Mayfair’s, Knightsbridge’s, and Kensington’s of central London are attractive to foreign buyers are political and economic steadiness, an open and honest legal system and a lively cultural life. None of that is threatened by Brexit.

Continue reading “What would Brexit mean to the 14,500 Bexhill-On-Sea property owners?”

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