Help to Buy Incentives May Change the Property Landscape

There is no denying that the Help to Buy incentives being offered to first time buyers will allow numerous individuals to get onto the property ladder that otherwise might not have been able to, and will simultaneously boost the housing market in general.

However, not all locations will actually benefit from the scheme in the long run and larger cities with fewer small properties may actually see a huge boost to the value of smaller properties as a result of a sudden increase in interest. In turn, not only will first time buyers very quickly end up paying more than they once would have, but, as the value of smaller properties increases, so will the value of more exclusive homes.

As such, the property market landscape may be dramatically altered by this new government incentive and whilst certain areas may benefit, others will see new issues arise as others are solved.

Whether or not the houses for sale in Oxford are suddenly far more expensive after interest in first-time property picks up, it is wise for those such as property developers and investors that are looking for new properties to not take too much time over it. By getting in quickly and beating the rush for smaller properties, even properties at the luxury end of the market are likely to be cheaper, and even those who wish to simply increase their portfolio with a number of smaller properties are likely to benefit by seeing the price of such homes increase dramatically over time.

Either way, it is wise to visit Oxford estate agents sooner rather than later to ensure that homes are not suddenly in short supply and in turn either more expensive or simply sold to those who are able to pay cash. And with many pieces of legislation relating to houses being revised over the coming months, it is almost certainly wise to buy sooner rather than later.