D_Property

While some of us might want a new Ford Fiesta to get around in, another option with the same money could be a two-bedroom flat in Preston.

And this comparison of what £15,000 can get you in Britain has been revealed as a study shows what properties cost the same as a car.

Another area surveyed was Cambridge, where the cheapest property will run you the cost of a Ferrari California at a whopping £160,000.

Home: A one-bedroom flat in Glasgow (above) is on the market for £29,000 – roughly the same as a Lexus (below) that sells for £28,495

Making choices: A studio flat in Edinburgh (above) which is selling for £65,000 – the same price as a Porsche Cayman GT4 Meanwhile, the cheapest one-bedroom flat in London will cost the same price as an Aston Martin – around £99,995.

At the other end if the scale, it is possible to pick up a one-bedroom flat in Liverpool for the price of a Skoda, about £20,000.

Or, if you are looking for something a bit larger, you can get a house in Hartlepool for the price of a VW Golf GTI, about £26,000.

The research, by online estate agent HouseSimple.com, has found various properties currently for sale in the UK that are the price of a new car.

They have looked at the cheapest properties currently for sale in 30 of the biggest towns and cities in Britain, and found the equivalent priced vehicle.

Bargains are thin on the ground in Oxford, where the cheapest property currently for sale is a one bed flat, on the market for £130,000.

Property: A one-bedroom flat in Cambridge (above) which is on the market at £160,000 and costs the same as a Ferrari California

Property: A one-bedroom flat in Cambridge (above) which is on the market at £160,000 and costs the same as a Ferrari California

Comparisons: A house in Hartlepool (above) which is on sale for £26,000 – the same price as a VW GTi (below) which retails for £26,895

This is the same price as an Audi R8, which costs £119,500 to £137,500.
It’s hard to believe that you can still buy a property in the UK for the price of a Ford Fiesta
Alex Gosling, HouseSimple.com

Surprisingly, it is possible to pick up a property near London for less than £100,000, with a one bed flat in Tilbury, Essex, on the market for £99,995.

On the other hand, you could instead buy an Aston Martin Roadster instead, which retails at around the same price, £101,344.

Alex Gosling, chief executive of HouseSimple.com, said: ‘It’s hard to believe that you can still buy a property in the UK for the price of a Ford Fiesta and a house for the price of a VW Golf GTI.

‘However, it may be a little flamboyant and probably a little reckless to spend your entire property budget on a Lamborghini, even if it would look great on the driveway.

‘But this research does prove there are bargains to be found on the property market, even with average house prices at almost record levels – it just requires a little research and probably a lick of paint.’

Source: Daily Mail

March 14, 2016

The homes you can buy for the price of a car

While some of us might want a new Ford Fiesta to get around in, another option with the same money could be a two-bedroom flat in Preston. And this comparison of what £15,000 can get you in Britain has been revealed as a study shows what properties cost the same as a car. Another area surveyed was Cambridge, where the cheapest property will run you the cost of a Ferrari California at a whopping £160,000.
March 14, 2016

Many buy to let property investors not put off by UK tax changes

The majority of property investors are undeterred from buy-to-let despite the tax changes announced for 2016 and a total of 56% are already planning on purchasing more over the next 12 months, a new research revealed. With the changes taxation approaching fast, about 40% of investors are making plans to set up a limited company for their properties as a loophole to those new regulations. At the same time, according to the latest client barometer survey from specialist lender Shawbrook, about 33% will us a raise in rents as an output for the higher tax.
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Mortgage approvals hit two-year high

Mortgage approvals reached a new two-year high this January as savvy buy-to-let investors rush to snap up properties ahead of the stamp duty hike in April. A total of 74,581 mortgages for house purchases were approved in January, a significant increase from the 71,335 in December, following a statement for the Bank of England.
March 7, 2016

UK house price continues the rise

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Starter homes don’t meet the need

The vast majority of English councils do not think Starter Homes should be classified as affordable housing and a mere 7% of councils think they will support the need of affordable housing in their areas. A new research revealed that local councils, regardless of political party, believe that the Government’s Starter Homes policy will hinder rather than help to address the growing need for actually affordable homes in the UK.
March 2, 2016

UK housing market buoyant in January

The UK property market has had a fantastic beginning of the year. The latest study from Connells Survey & Valuation has revealed that the general activity during January has increased by more than half on an annual basis.
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