How to Find Cheap Houses for Sale in UK

Using the internet is probably the most obvious thing to do when looking for a house or property to buy. It’s simple enough and rapid, so there won’t be any feet dragging before getting started. Off-plan property purchasing is popular among people to its discount pricing. There are thousands of websites dedicated to selling properties throughout the country, so start hunting around today.

How To Find Cheap Houses For Sale In UK

Guide Prices

The ‘guide price’ of a property or house tells you how much other people have been willing to pay for it so far – this can be extremely useful when looking for cheap houses for sale in the UK because it gives you an insight into what they are worth. Many sites list properties with guide prices.

Auctioneers & Estate Agents

Auctioneers often specialize in selling less expensive properties, so if you have a low budget, then this is what they are perfect for! They can be very effective ways to find cheap houses for sale in the UK because it means that you don’t have to haggle with anyone – just bid higher than everyone else at auction and win the house.

The Downsides Of Buying Properties Through An Auctioneer or Estate Agent

The only downside is that sometimes an estate agent will come up with a ridiculous asking price to create interest, but having said that, they would not get any sales if they did not, so it may still be a better idea than buying privately.

Private Sellers

If you are looking for cheap houses for sale in the UK, consider getting in touch with private sellers – this is another method that gives you an excellent insight into how good (or bad) the price of a particular property can be.

Be extra careful when dealing with someone who wants to sell their house or flat entirely independently. You could save hundreds if you buy from an estate agent! The fee they charge is a percentage of the final sale price – so bear this in mind before you decide.

Avoid Buying New-Builds

It may seem counter-intuitive to avoid buying new houses for sale in the UK, but if you’re looking for cheap houses, then it’s something that needs to be considered. When builders build new houses, they know exactly how much materials will cost them and can therefore build houses that maximize their profit, and who gets hit with the bill? The buyer! If you want to save money on properties, in the long run, avoid buying newer builds.

You Can Still Buy Properties Which Have Been Built

 Go for properties that have been built within the last five years, and you will save a lot of money! You need to go back more than five years because recently built houses will still be subject to the same inflated prices as the newer builds, so it doesn’t make much of a difference.

Consider Buying A Plot Of Land

If you are considering buying cheap houses for sale in the UK, then it’s worth looking at plots of land – perhaps this would make a good investment instead? You could hire an expert to survey the land, or if it’s not particularly big, consider investing in some equipment yourself. It might take up your time, but learning the basics of surveying will be worth it – you will learn some fascinating stuff too!

Buy Properties Which Need Repairing

If you’re not afraid to get your hands dirty, why not consider buying cheap houses for sale in the UK that needs renovation? Although you have to put a certain amount of money into it before they are habitable, once this is done, you can charge more rent – meaning that after a few months or years, your investment will have paid off!

Wrapping Up!

You can still buy new houses built recently, but you should go for older ones for the best value. Keep in mind that properties with guide prices will be cheaper than those without, so use this to your advantage when looking for cheap houses for sale in the UK if you want to see how much money you can save by buying a second-hand property instead of a new one.

Author: Bella Roy

Update on the Brexit effect on UK House prices

A prounced Brexit effect on UK house prices was unclear up to now but recently  released figures indicate we are now seeing a trend. It appears that the very wealthy areas of London are seeing strong downward pressure on prices.

One report indicates the areas such as Balham and Putney are seeing a fall in prices of 12-14% with others reporting falls of greater than 15%. London city centre areas were at the centre of the UK property boom. Many felt a correction may have been needed here.

In any case other areas of the UK are not seeing the same pattern.

Continue reading Update on the Brexit effect on UK House prices

UK Commercial property beats all expectations but retail continues to lag

UK Commercial Property has had a torrid few years but it continue to emerge from the ashes and outperform everyone’s expectations.

Office space has seen a strong take-up in the second half of 2017. The commercial property sector smashed all expectations. But the performance of retail property was less positive following the worldwide trend caused by the change in peoples shopping habits.

Overall, the total return from UK commercial property in 2017 was 10.3 per cent.

This is outstripping even the most bullish of expectations.

Continue reading UK Commercial property beats all expectations but retail continues to lag

Will Brexit effect house prices in the UK?

It is generally agreed that Brexit will have little or no effect on house prices within most of the UK.

Demand for houses has remained high; there are simply not enough houses and this inevitably means prices will continue to rise because the laws of supply and demand demand it (if you get my meaning!). If people were moving as a result of Brexit the situation may be different but evidence suggests very few are doing this. Continue reading Will Brexit effect house prices in the UK?

Buying a house in the UK – A step by step guide

Buying a house, particularly in another country, can be daunting.

If you are interested in buying a house in the UK, then the first thing you will want to know is, if as a foreigner, you can actually buy a property. The answer is yes.

Now how does it actually work? Continue reading Buying a house in the UK – A step by step guide