Despite the undoubted certainty caused to the property market by the United Kingdom’s recent vote to leave the European Union, recent statistics have pointed to both demand and prices for property across the country remaining in good health.
According to the most recent monthly report from the Royal Institution of Chartered Surveyors (RICS), for example, while it is thought that UK house prices will experience a short-term drop for the first time since 2012, they are also predicted to regain their momentum in the longer term.
In the words of RICS chief economist Simon Rubinsohn, “Sadly, for the many young people looking to enter the property market, it is unlikely that we are seeing the emergence of a more affordable market.
“Instead, it appears to me that what we are looking at is a short-term drop caused by the uncertainty resulting from the EU referendum coupled by a slowdown following the rush to get into the market ahead of the tax change on the purchase of investment properties.”
Where does this leave those interested in property in the South East?
With Rubinsohn having signalled that “there is not at this point a sense that a fundamental shift is taking place in the market”, it has only become even more important for those interested in South East property to be suitably prepared and informed in their search.
It is to this end that the below infographic may be useful, outlining not only the many ways to source property in the South East, but also what else prospective purchasers need to know prior to making a final decision, and even why they should take an interest in South East property in the first place.
The latter has been well-documented but nonetheless bears repeating. With the increasingly expensive London property market pricing out young professionals, hospital workers and students alike, such budding homebuyers are turning their attentions to surrounding areas of the South East – such as Reading – that have already experienced considerable growth in rental demand.
This simply makes it all the more crucial for the current aspirant South East property buyer to consider whether they would be best served by seeking that property through the open market, or instead through a sourcing agent, advertisement or even auction. They will also need to become knowledgeable in due diligence and negotiation while ensuring that if they do work with a sourcing company, it is the most reputable one possible.
Simply peruse the following infographic to learn more about all of the basics that you need to know while attempting to source South East property.