Situated between Portsmouth and Worthing, just south of the breath-taking South Downs National Park, Chichester has a rich history and plenty to offer any visitor. Those fortunate enough to reside in this wonderful city benefit from living adjacent to both coastal and countryside beauty.
As a property owner it pays to be aware of the special consideration needed to keep your investment in the best possible order, whether for yourself or your tenants. Careful maintenance (especially in winter) and presentation will ensure your property to rent will be a truly des res!
At the end of 2015, the property market had experienced a fall in new listings, with only a couple of cities proving to be the exception. One of these was Chichester, which continues to be in demand among buyers, renters, and investors.
This compact city has always been popular thanks to its proximity to the coast, stunning countryside, and attractive architecture. However, as it is too far from London for most commuters, it has avoided becoming part of the commuter belt, meaning that it has also avoided the rapid price rises that have made the capital unaffordable for many buyers and renters.
Accessibility to London
So why are more people looking for property to rent in Chichester? One answer is that the rail links are good enough to allow some commuters to work in London for part of the week, and working from home the remaining days.
Estate experts forecast that increasing numbers of buy-to-let landlords will be rushing property purchases through prior to the April 2016 deadline for stamp duty hikes bought in by the Chancellor. Many pundits feel that the three percent rise in stamp duty is likely to bring down the prices of property while also pushing rents up.
The Institute for Fiscal Studies has condemned the move, saying it will depress property prices over the long term while forcing higher rents on tenants as landlords strive to recoup their costs. The Institute estimate that up to 50,000 buy-to-let purchases will take place before the April deadline, although insiders say that there seem to be several ways to get around the stamp duty issue.
For many the beginning of a new year is the cue for a new start. If not a whole new start, then maybe a change of scenery will do. Spring is traditionally seen as the time most people put their property on the market. After all, it’s the time most people considering a move begin looking for a new home. Christmas and New Year celebrations are behind them, credit card debt reduced, and other considerations and aspirations can come to the fore.
Selling Property Earlier
While there may well be greater numbers of potential buyers around through spring and summer, there are also a far larger number of properties to choose from. Putting your property on the market in January not only gets you into the market place early, but you are competing with far fewer properties and dealing with more serious buyers.