What makes buying a property in Essex so great?
There are a number of reasons why now is the perfect time to invest in Essex. Let’s take a look at some of them below. The economy is growing – The East of England has seen rapid growth in recent years and is expected to see further growth over the next few decades. This is largely thanks to the growing tech and pharmaceutical industries, as well as the expansion of the aviation sector. As a result, people are moving to the area to find work, leading to increased demand for housing and higher property prices. Strong rental demand – As rental demand increases, so too do rental yields, making buying a property for the sole purpose of renting it out even more appealing. It’s predicted that rental yields will continue to grow in the East of England, making now a great time to start making money with buy-to-let. Low interest rates – While interest rates may be rising, they are still historically low and likely to remain so. Low interest rates make affordable monthly repayments on mortgage loans, so now is a great time to consider a new home loan.
