Posted on: Tuesday, October 27, 2020
It is estimated that nearly two million people own buy-to-let property across the UK (Resolution Foundation 2019), with property being regarded as a ‘safe-haven’ asset. At 4.9% the gross yield on residential property across the South East is attractive.
Reading, Milton Keynes and Cherwell are currently the top performers across the Thames Valley, Berkshire, Oxfordshire and Buckinghamshire, all offering gross yields in excess of 5%.
Property prices across the South East were 2.1% higher year-on-year as the housing market reopened in June. West Oxfordshire and Wokingham are currently the strongest performers in the area. Activity across the market has been brisk, nationally the average time taken to sell a property fell to 53 days in August, down from 62 days in August 2019. Sensible pricing remains crucial, as correctly priced properties are nearly twice as likely to be sold ‘subject to contract’ within four months of listing than those that have had their asking price reduced. Homes in the South East are selling, on average, 12 days quicker than a year ago.
“In August, prices rose by 2% during the month, the fastest rate of increase since February 2004 and boosted by the pent-up demand reported in our Summer edition of Local Property Matters.
"These are UK figures but in particularly sought-after areas such as the Chalfonts, Gerrards Cross and our leafy surrounds, we are anticipating strong performance over the coming months. This will be due in part to the Government relaxing Stamp Duty in England until the end of March next year but depends on job losses and, of course, Covid confidence.”
This charming Grade II Listed Georgian terraced house situated in the sought after 'Golden Triangle' of Windsor, just a short distance from the Long Walk and shops, restaurants and mainline railway stations. The property features a delightful open-plan double reception room, kitchen and dining room to the rear, a cellar and a courtyard garden.
This spacious detached family home is situated in a small development of only five properties within walking distance of Burford High Street, backing on to Burford Golf Club. The property benefits from a double garage, ample off-road parking, an external office with light and power and a well-maintained west facing rear garden.
Willow House is a double-fronted detached house, built approximately thirteen years ago by a local builder, and has been maintained to a high standard by its current owners. This family home enjoys a stylish kitchen and diner, three welcoming reception rooms, parking for several cars and a south-west facing garden. Also, this home is in a catchment area for well-regarded schooling.
Click to see the market reports in other regions:
● Market Report 2020 Autumn South West
● Market Report 2020 Autumn East Midlands
● Market Report 2020 Autumn Essex, Norfolk and Suffolk (East)
● Market Report 2020 Autumn Hertfordshire, Bedfordshire and Cambridgeshire (East)
● Market Report 2020 Autumn London
● Market Report 2020 Autumn North East and Yorkshire
● Market Report 2020 Autumn North West and North Wales
● Market Report 2020 Autumn Northern Ireland
● Market Report 2020 Autumn Scotland
● Market Report 2020 Autumn South East Home Counties - Kent and East Sussex
● Market Report 2020 Autumn Southern Home Counties - Surrey and West Sussex
● Market Report 2020 Autumn Southern
● Market Report 2020 Autumn West and South Wales
● Market Report 2020 Autumn West Midlands and Wales
If you want independent guidance on moving home or are looking for the best agent in your area, find your local Guild Member today.
