If you want to buy at property auctions in the UK, a good starting point is to know which regions have cheap houses for sale. Despite the fact that many houses are now selling for less than their market value, there are still some areas that outsell others in terms of sale prices. I use property auction houses as a sounding board for no other reason than generally that’s where the real bargain are to be found.
As the fiscal year trudges on, despite the fact that things ain’t looking up any time soon ( re the global slump/crunch/recession, call it what you will), the desire for the buying of houses doesn’t appear to be on the wane. I won’t bore you with the figures, as I prefer not to have to wade through quant’s and stats any time I’m reading up on something I’ve little knowledge in but suffice to say that the UK house buyers market remains pretty buoyant.Conwy – North Wales
That’s supposing that you have the readies to do so in the first place. However, some do, that much is clear and the areas that appear to be benefiting from cheap houses for sale at various property auctions and estate agents are:
- Wales – Conwy
- Scotland – East Dunbartonshire
- West Midlands – Dumfries and Galloway
- South East – Hampshire
- East Midland – Derbyshire
So, now you now, are you willing to buy a house in any of the above five regions? I guess that would depend on whether you already live there, want to live there or fancy your chances in the rental market. Whatever you think of it, it is good news. It does support the fact that 2011 is a buyer’s market, despite how gloomy the general financial outlook is for most of us.
Of course buying a house in one of the top five regions isn’t mutually exclusive with finding yourself living in an affordable town or city. Is Conwy cheaper than say the North East? Is the North East cheaper than living in West Wales? That’s a whole other board game. According to the stats (once again) some of the cheaper areas to live in (that don’t meet the cheapest house price list) are places such as:
The above are but a few of a list of ten and of course you can do your own research and find out for yourselves. It’s always worth testing the market way before you drop a huge wedge of cash into anything significant. Scan the property auctions in the UK – there’s plenty of them, and get onto the mailing lists of the estate agents. A couple of phone calls or a shufty on the internet will get you the details.
It’s always worth checking further afield when it comes to wheedling out the bargain properties that currently litter our suburban melting pots. Let’s face it, the way our current Government is going it’s likely that more of us will be handing our homes back to the banks (read: relinquishing ownership under sufferance) than ever before, and we know what that means don’t we? Yup … even more cheap houses for sale.
Pictures: Wikipedia Commons - Users: Dbenbenn, Fuz