Whether you have a single home, a whole portfolio of property or are even looking to make your first foray into property development, being aware of the changes that are likely to occur in the housing market over the next few years could be extremely important.
Whilst on the surface, the Help to Buy scheme being piloted by the government may only be important for those owning smaller, less expensive properties and those looking to buy their first home, in reality, anyone with any financial or intellectual interest in the property market will be affected. Whilst the first few to get their Help to Buy mortgages through will benefit from a low-cost first home, those coming to the party a little later will find that house prices have risen significantly.
Prices across the board may well be affected, and therefore those with houses for sale in Oxford face a tough decision as to whether they should wait to see if the value of their property is boosted over the coming months or whether to sell early on when they will get a huge amount of guaranteed interest, no matter what their home is worth.
Likewise, those looking to buy a home face similar questions, and those who want the best deal on a home in the Oxford area may well be best off visiting Oxford estate agents as soon as possible, before prices rise.
There are still uncertainties about how the government’s new housing scheme will affect the property market in the long term, and there are those that say that the initial boost to property value caused by the increase in interest will not make a significant difference at all. However, different areas will be affected in different ways based on the number of available properties and the number of available homes that will appeal to first time buyers. It is must to get the appraisal of house property from expert real estate appraiser. As such, even those looking to buy or sell more luxurious homes should consult local estate agents to see what they suggest.