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House buy as investment for future planning

What is the best area to buy a property now which will increase in value over the next 5-10 years. Somerset, Wiltshire, Devon?

Asked on Jul 4 2014, House Prices in Surrey | Report content

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  • To Vague a question these are all counties you have to look at each investment on its own merits. This is like asking what the weather will be like 10 years from now. Only a salesman can answer that with any certainty. Improved commuter links will improve a town/area relative to another as will an influx of jobs or the relocation of a large employer. Also relevant is what you pay for the house. A and B buy a house on the same street at different prices. A buys a refurb with potential B buys an immaculate house. A looks at lots of houses and negotiates. B looks at 3 houses and buys because the price is reasonable. In 10 years A will have a lot more profit than B. These are the critical factors. The easiest way to snag a bargain is to buy a repossession or a property that requires refurbishment.

    Answered on Jul 8 2014, Report content
  • These are all in the south west of England where prices are already high. London is on the cusp of another bubble and many surrounding areas will be affected. This is not a time to be considering price growth, but price declines. Your only chance of appreciation is from securing a good deal, which is very difficult when inventory is so low and sellers are still asking delusional prices. If you have to buy now, then extend you time horizon by several years to achieve the growth you want. You will need to factor in inflation. Good luck!

    Answered on Aug 7 2014, Report content

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