Dunstable and Leighton Buzzard Property Blog

Assuming there is one wage earner in the house, the chances of a Dunstable & Leighton Buzzard working family being able to afford to buy their own home, when it’s over eleven times their annual salary, is very slim indeed. The existing affordability crisis of people wanting to buy their own home is the unavoidable outcome of the decade on decade failure to build enough homes to keep up with demand

With top of the range Bank and Building Society Savings Accounts only reaching 1.5% a year, the rollercoaster ride of Crypto currency and the yo-yoing of the Stock Market, the simple fact is, with rental yields in Leighton Buzzard far outstripping current savings rates

An undersupply of affordable homes will artificially keep rents and property prices high. That might sound good in the short term, but a large proportion of my Dunstable & Leighton Buzzard landlords find their children are also priced out of the housing market.

Looking at the different sectors of the Leighton Buzzard property market, splitting it down into property types, one can see what is happening to each sector of the market with regard to their average asking prices now compared to a year ago

Demand remained strong in 2017 for Leighton Buzzard private rental properties, meaning the rents being achieved were at a decent level for landlords. Also looking at property values in Leighton Buzzard, over the last 12 months flats/apartments have risen in value by 3.54% whilst terraced properties have risen by 4.26%.

The hot topic at the moment is the cost of renting, as both political parties have seen mileage in wooing these Millennial Generation Renters. The average rent in Leighton Buzzard is currently £830 per month making this a big-ticket item on the monthly budget. I was inquisitive to find out exactly how much Leighton Buzzard Millennials will spend on rent by the time they reach their mid 30’s.

As an agent belonging a national group of letting and estate agents, talking to my fellow property professionals from around the UK, the one thing that is immediately apparent is the UK does not have one property market

Over the last five years, we have seen a steady decrease in supply of properties coming onto the market for sale and steady demand, meaning Leighton Buzzard property prices have remained robust. A stable housing market is one of the foundations of a successful British economy

Leighton Buzzard Property Market Worth More Than Melrose Industries