As Unemployment Hits 7% in Tilbury, What Effect Will This Have On The Tilbury Property Market in 202
12 months ago, the unemployment rate in Tilbury stood at 3% of the working population, yet with Coronavirus hitting the UK, what impact will this rise in unemployment have on the Tilbury property market?
“In this article on the South Ockendon property market, we look at the first 100 days since lockdown was lifted from the property market. I look at how the attitude of buyers and sellers has changed since lockdown and what is actually happening in terms of all these people putting their properties on the market and how many of them are selling
“Many Chafford Hundred Landlords have been alarmed at the prospect of Capital Gains Tax rising to as high as 45%, from its current maximum of 28%. In this article, I look at the proposed changes and show that for some – they could in fact save money. If you know a Chafford Hundred landlord – please show them this article”
The South Ockendon property market has resisted every Economist’s prediction. With the economy, a shadow of its former self, unemployment set to hit 11.9%, the Government on track to borrow nearly half a trillion pounds to pay for Coronavirus support packages, etc, all of this has had no effect on homeowner’s enthusiasm to want to move.
In this week’s article on the Tilbury property market, I review what has happened to Tilbury house prices and what is likely to happen in 2021. If you are a Tilbury homeowner or landlord, you need to read this.
With the banks reducing the number of low deposit mortgages since Covid-19 hit in the spring, this has meant that the number of Purfleet first-time buyers has been decreasing quickly, meaning many of those would-be Purfleet buyers wanting to make the first step on the Purfleet property ladder will stay in the Purfleet rental sector.
… and the 5 ways on how all South Ockendon landlords can escape the worst of the coronavirus downturn on their South Ockendon rental property.
What will happen to the value of your Chafford Hundred home next year? What will a no deal Brexit on the horizon, the end of the stamp duty holiday in March, mortgage payment holidays coming to an end, unemployment set to rise after furlough and ongoing on/off coronavirus restrictions do to the Chafford Hundred property market.
Boris Johnson has attracted both praise and horror in equal measure with a new plan for 95% mortgages to help beleaguered first time buyers to get on the property ladder, but would that expose UK taxpayers to too much risk? In this article I discuss the implications of what that would mean both nationally and locally in Purfleet.
Tilbury homebuyers and landlords have saved thousands of pounds in Stamp Duty since the Summer of 2020, yet with many people placing their Tilbury property onto to the market, I discuss how many of them could miss out on saving up to £15,000 in stamp duty tax, together with some handy tips to ensure your money stays in your pocket.
Post lockdown, the need for South Ockendon families who want bigger homes has meant South Ockendon homebuyers must now to pay considerably more to trade up to that larger home…One thing that has come out of lockdown has been the inexorable movement
The Tilbury Buy-to-Let Property market is going to get battered and bruised in the coming two years, making many Tilbury landlords wonder if its’ worth just selling up their property empire? In this in-depth report, I consider six reasons that will make you want to remain or become a landlord.