What You’ve Got To Look Out If You Want To Invest Outside The Major Cities?!

Brett Alegre-Wood
October 29, 2020

When buying a property always look for the these

If you are to invest in the outskirts of cities make watch out for the fundamentals such as; shops, school, transportation, major employments and major investments. These are all vitals to know when buying a property

What's the predictions for the housing market in Stoke for winter 2020-2021. So my predictions of and look, my challenge with Stoke, it's funny enough my family's actually my Grandfather's actually from Stoke.  I don't really keep up to date, so the interest is in the market, we have got quite a few properties there. 

Look what do I think for and this is not just for Stoke but this is for most the places that are outside the major cities. What you've got to look at is what is happening in those areas. I mentioned fundamentals shops, schools, transport links, major employment, and major investment. Major investment what's happening in Stoke that actually is major investment that's going to change the fundamentals and upgrade the fundamentals and make it actually interesting for people to live there? 

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It's a very different market in Scotland, it's a smaller market. There's some fundamental changes namely oil and gas with all the issues there and that I know Aberdeen and a few of those places house prices have dropped considerably. So, it depends on how that's reacted.

One of the challenges if there's nothing happening and I know Stoke all the roads got redone and the canal there got re-done and we actually invested in there back I think that was probably 10 years ago now maybe even more actually. But the reality is what's happening now I think things are all going to slow down, so outside the city centres things are going to slow down.

I think actually things will slow down even in London's and all that sort of stuff because people, you know, people I think are more interested in just betting things down. There's not the demand for pushing prices up so I think prices will probably come off a little bit but not stupidly.

I mean we're already talking to developers and developers like you know what we've had a good time we don't need to discount we don't need to drop our prices if you look at the Rightmove statistics and the Zoopla statistics and all that stuff you're seeing they're not dropping their prices because they don't need too. 

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That will slowly correct itself and there'll be people who need to sell and sure enough yeah that will happen. The reality is what do I think you know do I think prices are going to drop massively not at this stage. If you want to get something you'll be able to negotiate it and you will be able to find somebody who is willing to do a deal. There will be people like that because there will be people losing their jobs.

Video Transcription

What's the predictions for the housing market in Stoke for winter 2020-2021. So my predictions of and look, my challenge with Stoke, it's funny enough my family's actually my Grandfather's actually from Stoke.  I don't really keep up to date, so the interest is in the market, we have got quite a few properties there. Look what do I think for and this is not just for Stoke but this is for most the places that are outside the major cities. What you've got to look at is what is happening in those areas. I mentioned fundamentals shops, schools, transport links, major employment, and major investment. Major investment what's happening in Stoke that actually is major investment that's going to change the fundamentals and upgrade the fundamentals and make it actually interesting for people to live there? One of the challenges if there's nothing happening and I know Stoke all the roads got redone and the canal there got re-done and we actually invested in there back I think that was probably 10 years ago now maybe even more actually. But the reality is what's happening now I think things are all going to slow down, so outside the city centres things are going to slow down. I think actually things will slow down even in London's and all that sort of stuff because people, you know, people I think are more interested in just betting things down. There's not the demand for pushing prices up so I think prices will probably come off a little bit but not stupidly. I mean we're already talking to developers and developers like you know what we've had a good time we don't need to discount we don't need to drop our prices if you look at the Rightmove statistics and the Zoopla statistics and all that stuff you're seeing they're not dropping their prices because they don't need too. That will slowly correct itself and there'll be people who need to sell and sure enough yeah that will happen. The reality is what do I think you know do I think prices are going to drop massively not at this stage. If you want to get something you'll be able to negotiate it and you will be able to find somebody who is willing to do a deal. There will be people like that because there will be people losing their jobs.


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