Southampton property market comes alive

The Southampton property market has certainly sprung into life after a little lull over Christmas. We have seen an increased appetite from investors to secure buy 2 let stock before the freeing up of pensions in April.

In the last 4 weeks we have seen properties go to sealed bids and the asking prices being raised on a number of properties we are tracking. Selling agents are now encouraging vendors to hold tight as there may be an additional wave of monies into the market in April. Our advice to buy 2 let investors is to stay calm, do your homework and identify the real value of the asset you are looking at acquiring - don’t overpay as it can take years to claw it back. Agents are now selling properties that couldn't sell last year because they had fundamental issue and those issues have not gone away so please don’t buy someone else’s problem! If in doubt please talk to us.

There are good properties available to purchase in Southampton which will make excellent buy 2 lets but you have to do your homework. We don’t sell properties, we just let them so it’s in our interest to make sure you buy the right stock!. If you would like an independent view on any property you are looking at acquiring in the Southampton market or you would like some advice on the best areas and type of stock to buy, please do give me a call, drop in for a coffee or send me an email we would love to chat.