Halifax and Sunderland

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focus

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Anyone with experience or knowledge of property in Halifax or Sunderland.

I visited Halifax for the first time on Monday and I liked the place very clean very little new development. Was looking around Horton St and Union st. Anyone with details of demand or rental yields and what potential has property for the future in Halifax.

I also visited a sites and apartments in Sunderland, I wasn't to impressed with the place allot of commercial units up for sale and rent and same with residential property. there are some nice areas but few as far as I could see. Is this an up and coming city?. I have been told it is by the estate agents, I am sure they are always right.

Any information would be great.
 
Halifax is a good commuter town for Manchester and Leeds with good rail and road transport links - it also a decent town centre of its own which keeps it a thriving location

As for SUnderland - I dont know
 
focus said:
Anyone with experience or knowledge of property in Halifax or Sunderland.
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I know both well as I lived in North of England for years. Sunderland avoid at all costs, there is a lots of people buying there at the moment because it is relatively cheap but it is a fool’s paradise. Halifax. It is a bit bigger than Galway. Fundamentals are wrong at the moment with compressed property yields etc. Good value there too compared to other area's of the UK. However, Manchester within commuting range of Halifax has a glut of property not selling. I know of someone who bought 5 apartments on deposit with a view to shifting on when near ready to complete. The apartments are completed; he has to pay all the monies but has no interest from any buyers what so ever. He bought in a good area etc.

If I where you, I would wait for about 18 to 24 months. There will then in my view be serious value in the market. Timing is everything within investment cycles. At the moment the UK is at the top of its and there is only one way to go. If you have sterling on call you'll get at the moment 6.26% interest on it, this is a lot higher than any rental yield you will get anywhere in the UK. Patience is a virtue.
 
MichaelDes said:
I know both well as I lived in North of England for years. Sunderland avoid at all costs, there is a lots of people buying there at the moment because it is relatively cheap but it is a fool’s paradise. Halifax. It is a bit bigger than Galway. Fundamentals are wrong at the moment with compressed property yields etc. Good value there too compared to other area's of the UK. However, Manchester within commuting range of Halifax has a glut of property not selling. I know of someone who bought 5 apartments on deposit with a view to shifting on when near ready to complete. The apartments are completed; he has to pay all the monies but has no interest from any buyers what so ever. He bought in a good area etc.

If I where you, I would wait for about 18 to 24 months. There will then in my view be serious value in the market. Timing is everything within investment cycles. At the moment the UK is at the top of its and there is only one way to go. If you have sterling on call you'll get at the moment 6.26% interest on it, this is a lot higher than any rental yield you will get anywhere in the UK. Patience is a virtue.
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Spot on. UK property only has one way to go and thats down. Prices fell around 2.5% this last month and I expect to see the same over the next 12months.

There has been a collosal shift in sentiment and lending ability these past 3months. Things will take their time to filter through but I expect a 10% fall over the next 2years in the UK.
 
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