Christmas Eve brought the news that Boris Johnson had conclusively agreed on a Brexit deal for the UK with the European Union. This gave optimism that the economic turmoil of leaving the EU would be radically reduced, yet what will this ‘trade deal’ do to the value of your Darwen home and the mortgage payments you will have to make?
Since the summer, the Darwen property market has been booming, yet many commentators have cautioned that the momentum cannot last. With unemployment and the end of the Stamp Duty Holiday on 31st March, the Halifax reported last week that they believed UK house prices would drop by at least 2% (and in some areas 5%) in 2021.
I find it fascinating the Darwen property market has defied the doom and gloom swamping the wider British economy in the last seven months. The Darwen property market has profited from the large swell in demand from better-off existing Darwen households trying to buy larger Darwen houses (as they are required to work from home) together with the added benefit of saving money from the Stamp Duty Holiday.
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Looking for Property Investment Opportunities in Darwen or East Lancashire? well your in the right place. In this blog, I will talk about what is happening in the Darwen property market itself, even looking at specific streets and estates in Darwen. At other times, I will post what I consider decent buy to let deals in the town. Some will be on the market with me (as I also sell property and source for investors from all backgrounds and levels of experience), but most will be on the market with other estate agents in Darwen. I like to look at the whole of market and give you, what I consider the best investment opportunities, regardless of which agent is selling it.