23.4% Drop in Bexhill People Moving Home in the Last 10 Years

I was having a lazy Saturday morning, reading through the newspapers at my favourite Blueberries coffee shop in Bexhill. I find the most interesting bits are their commentaries on the British Housing Market. Some talk about property prices, whilst others discuss the younger generation grappling to get a foot-hold on the property ladder with difficulties of saving up for the deposit. Others feature articles about the severe lack of new homes being built (which is especially true in Bexhill!). A group of people that don’t often get any column inches however are those existing homeowners who can’t move! Continue reading “23.4% Drop in Bexhill People Moving Home in the Last 10 Years”

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Slowing Bexhill Property Market? Yes and No!

My thoughts to the landlords and homeowners of Bexhill…

The tightrope of being a Bexhill buy-to-let landlord is a balancing act many do well at. Talking to several Bexhill landlords, they are very conscious of their tenants’ capacity and ability to pay the rent and their own need to raise rents on their rental properties (as Government figure shows ‘real pay’ has dropped 1% in the last six months). Evidence does however suggest many landlords feel more assured than they were in the spring about pursuing higher rents on their Bexhill buy-to-let properties. Continue reading “Slowing Bexhill Property Market? Yes and No!”

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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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96.4 % of Bexhill Homeowners are over 35 – The affect of their Brexit vote on the Bexhill Property Market

Well it’s now been 7 weeks since the Referendum vote and we have had a chance to reflect on the momentous decision that the British public took. Many of you read the article I wrote on the morning of the results. I had gone to bed the night before with a draft of my Remain article nicely all but finished, to be presented, at just after 5am, with the declaration by the BBC saying we were leaving the EU.

I don’t think any of us were expecting that.

If you want to read a copy of that original Post Brexit blog post, please visit my blog www.bexhillpropertyblog.com and scroll back to late June to find it. In this article I would like to take my thoughts on from that initial article as we now start to see the clearer picture as the dust settles on the UK, but more importantly, the Bexhill Property Market.

Continue reading “96.4 % of Bexhill Homeowners are over 35 – The affect of their Brexit vote on the Bexhill Property Market”

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Bexhill-On-Sea property values rise by 0.7% month on month

I do enjoy eating out at Picasso Express in Devonshire Road in Bexhill-On-Sea. Whilst in there, a suited gentleman approached me and asked if I was the person who wrote the newsletters about the Bexhill property market. We ended up having an interesting chat about the local property market, as he was concerned his daughter would never be able to buy her own property, a place in Bexhill that she herself can call home.

My latest analysis, using the Land Registry and Office of National Statistics, shows that overall, month on month, Bexhill property values increased by 0.7%. The year-on-year figures showed the value of residential property in Bexhill has increased by 9.5% in the year to the end of February 2016, taking the average value of a property in the council area to £215,600.

It gets even more interesting when we look at the last few months’ figures and see the patterns that seem to be emerging.

  • January 2016 – a rise of 0.6%
  • December 2015 – a rise of 0.8%
  • November 2015 – a rise of 1.0%

Continue reading “Bexhill-On-Sea property values rise by 0.7% month on month”

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