What will happen to the housing market over the coming months?

According to BBC1’s Property Watch, “recovery is all about consumer confidence”, only to some extent. The recovery of this property market is about one main thing and that’s the need for 90% mortgage lending to come back. It doesn’t matter how confident we all are, until proper, sensible lending comes back, the market can’t move forward that much, it’s basically stuck. So will prices continue to rise over the coming months? The answer to this is yes and no, oh and also ‘it depends where you live and what property type you have!’.

When will property prices start picking up?

As rental properties are slowly filled with those ‘would be First Time Buyers’ rents will start to rise and hopefully when 90% lending comes back in, many of those that would have bought and sold will start to enter the market again. A lack of supply of properties versus increases in demand will start to push prices up in some areas, while other areas will just see a welcome increase in the number of buyers and sellers, with property types short in demand (such as character properties) likely to increase while others won’t move at all. Read on to find out what Kate's thinks about property prices .....

Good Times article on second home owners

Perhaps those who have second homes and are not currently renting them out - should! The article also shows how committed second home owners are to their purchase. See The Times article : How to earn money from your second home!

How do we solve the problem of Second Home Ownership?

Firstly it’s important to understand that much of the problem that second holiday home ownership causes is frustration and resentment from neighbours who want a community that everyone lives in all year round. So the real issue is not to ‘stop’ second home ownership, but to try to ensure that second home owners consider the community more and do their best to ensure the property is used as much as possible. Each community will have different issues and need different solutions. As a result, there isn’t a ‘one size fits all’ scenario that will sort the problem out. Read what Kate's suggestions are here ....

How do we solve the problem of Second Home Ownership?

Firstly it’s important to understand that much of the problem that second holiday home ownership causes is frustration and resentment from neighbours who want a community that everyone lives in all year round. So the real issue is not to ‘stop’ second home ownership, but to try to ensure that second home owners consider the community more and do their best to ensure the property is used as much as possible. Each community will have different issues and need different solutions. As a result, there isn’t a ‘one size fits all’ scenario that will sort the problem out. Most communities are more than able to work out what to do, however, here are some suggested steps which may help start to tackle some of these problems head on.