Where To Start In Yate's Housing Market

Can you imagine paying £15,000 for a house? A whole house,

not just the garage or a 1/25 of the asking price now and pay the rest in 20

years time deal. £15,000 for an entire house in Yate. That would be my wildest

dream; today you are lucky to find a house that sits around the £150,00 region.

In the year 2000 in Yate, a house in Harescombe sold for

just £15,000, but five months ago, the same house sold for £170,000. That truly

is the price of inflation.

House prices in Yate haven’t been as susceptible to the ups

and downs of the housing market. They have, for the lucky few who were already

on the housing ladder, contained themselves within a small depreciation window.

Between 2008 and 2010, most prices have only fluctuated within

a £20,00 window. This may seem a large amount to rise and fall, but compared to

some areas of the country we have remained relatively unscathed.

Right now, there are some great house prices in Yate and

some great deals to be made. YatePeople’s property directory has some great

information on the latest houses on the market. It’s a great to place to start

your search if you are looking for a new property.

If you, like me are attempting to step on to the housing

market in here are my top tips:

Pay a visit to one of the many estate agents in Yate,

Andrews are especially helpful, and get some market savvy advice. It’s all

about planning your attack and approach to get the best out of the current

situation. Get to know the estate agent and build a relationship with them.

They must just let you know about a bargain before someone else.

Pay a visit to a mortgage advisor, Heron Associates have a great reputation; they will become your best friends

when it comes to first time buying. Know your market, know your budget and know

your limits.

And finally, research the area. Take a look at the buying

trends for the area and street over the last few years. Not just the last few

houses that have been sold, but also the last 30 houses. If predictions are

corrected, house prices will rise again and you want to set yourself up for

this.

Take a look on www.upmystreet.com. They have great

information on the housing trends in the last 10 years and also great

information on the area you want to buy in.

If you are lucky enough to already sit on one of the many

rungs of the housing ladder, you are one of the very few lucky ones. For people

like me, trying to find that 40% deposit is a pipe dream and completely

impossible.

What I am resting my hopes on is, the possibility of there being enough room in the big developments planned for Yate for some affordable

first time buyer homes. I am hoping the council can find enough room in their plans for

some first time buyer properties and less of a desire to fill all 21,000 new

homes in South Gloucestershire with four bed family homes. 

What are your experiences on the housing market in Yate? Are you struggling just like me?