Property experts with a passion for helping first-time buyers in the UK get on the ladder. Join our 100% FREE community today, and start your homeowner journey.linktr.ee/propertymetrix United KingdomJoined September 2024
#firsttimebuyers Now might be the best time to buy property in the UK! Property MetriX research have modelled house prices into 2050 using average Q3 house prices in the UK. By 2030 the average UK house could cost £339k, while the average London home could cost £667k. #UKproperty
Join Our Discord Community, You’ll learn about the impact of inflation, money supply, and liquidity—how these forces affect property prices and what they mean for you as a first-time buyer.
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If you wait for interest rates to drop (from ~5% to 3.5-4%), you could end up in a seller's market, where prices might rise 20-30%. The higher purchase price could cancel out the benefits of lower rates, leaving you with less choice and a more expensive home. Buy NOW!
Ever heard the saying, "Time in the market is better than timing the market"? This applies to buying property too. Right now, we're in a buyer's market, with sellers competing to attract a small pool of buyers. This means first-time buyers have more choice,—like Black Friday
Attention! UK first-time buyers, if you haven't been able to qualify for a mortgage due to affordability (banks and lenders typically lend up to 4.5x your earnings), why not try @AskNationwide ? Their #helpinghand scheme is providing up to 6x income mortgages. 1/2
Prospective buyers can also buy now and re-mortgage after say 2-5 years when their fixed rate is over and secure the lower mortgage costs. However, missing these Black Friday sales on UK property could be a massive missed opportunity for UK first-time buyers.
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