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Well this
week has seen that prediction becoming
reality. Estate agents reported a
significant rise in the number of
successful purchases towards the end of
last year, particularly those rushing to
take advantage of the stamp duty break
which finished at the end of December.
However,
despite the reintroduction of stamp
duty, buyers are marching on undeterred,
with the Nationwide reporting
house prices
rising again in January by 1.2%, that's
an extra £1200 on a £100,000 in a single
month! |
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If your plan for
getting on the housing ladder is to save up, you
have to look again and ask yourself honestly
are you saving faster than
house prices are rising, because if you
are not, then just buy something, let it out and let
the market forces do the work for you.
The housing market is a
saving plan without the pain of going without,
especially if you are letting it out.
