According to new analysis of the Land Registry data base there has been a property price rise of 35% in the value of Wolverhampton property in the WV14 area. This has occurred in one year from an average of £82,500 in 2017 to £111,250 in 2018. We don’t have a full break down of the data so it will include all the different property types of house’s and flats.
Whilst this is great news for the area in my opinion if you are looking to purchase your first home or to move up the property ladder asset growth should not really make any difference because you are looking for somewhere to live regardless. However the fact remains the longer you leave it to purchase your home in Wolverhampton the more you will pay for it. Property investors and Buy To Let landlords will have a different perspective on the property market, but if they play the long game and keep their properties for a number of years they will have a secure asset.
If you’d like a free consultation with an local expert based in Wolverhampton and a professional recommendation on the best mortgage for you, call Paul on 01902 213201