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Advice on buying -just changed location
leeleed
Posts: 1 Newbie
Hi,
I just moved to the Brighton area from Scotland and am thinking of buying a 1 bed flat in the New Year. The housing market doesn't seem to have slowed as much here and the rental market seems very bouyant. Am a bit wary though as haven't lived in the area long and don't want to have negative equity.
Not great on finances so would appreciate opinions.
Thank you.
I just moved to the Brighton area from Scotland and am thinking of buying a 1 bed flat in the New Year. The housing market doesn't seem to have slowed as much here and the rental market seems very bouyant. Am a bit wary though as haven't lived in the area long and don't want to have negative equity.
Not great on finances so would appreciate opinions.
Thank you.
0
Comments
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Go back to Scotland.
Its your oil.Mortgage debt - [STRIKE]£8,811.47 [/STRIKE] Paid off!0 -
the housing downturn hasn't really effected centain areas in the SE.
I live in London and though it's not booming it is still quite stable, but i've noticed that a lot more sellers are being catious about putting their house on the market as a result there's a lot of over priced crap that's beeen there for months. But anything decent still gets snapped up....
it's unlikily that houses will see much HPI over the next few months (may be even a couple of years but then nothing in the housing market suprises me)
my advice would be that you have time on your hands so just rent for the short term and see how things plan out, also it will allow you to evaluate Brighton as a whole and will give you a better idea on where you wish to buy.0 -
Why don't you either flatshare or rent until you understand the local market a bit better.
As for oil, jonewer, why not try a local BP or Shell station?0
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