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Basingstoke Homeowners have it good

Basingstoke residents are in a good position compared to people living in London, with average Basingstoke house prices around 38% cheaper than London homes. When compared to Hampshire house values, your Basingstoke house is on average 4% - 5% cheaper, despite your Basingstoke house vicinity to London.

 

Basingstoke House building

House building in Basingstoke continues as the local population increases with the recent Victory Hill development completed. The borough of Basingstoke's population is set to raise to 177,500 by 2026 an increase of 13%. Basingstoke borough council is on target to build 250 new homes year on year for the foreseeable future to help accommodate Basingstoke's future housing needs.

 

Market expectation lowers

Just over half of Basingstoke homeowners expect prices to rise by the end of 2011 compared to 81% a year ago. Two thirds of homeowners in Basingstoke expect their Basingstoke house to increase in value, albeit only 1.9%.


Basingstoke house values


  • Average cost of your Basingstoke house overall: £225,458


  • Average costs of a detached house in Basingstoke: £362,365


  • Average costs of a semi-detached home in Basingstoke: £212,391


  • Average Costs of a Basingstoke terraced house: £175,896


  • Average costs of a flat in Basingstoke: £133,583

 

 

 

First time buyers in Basingstoke

Basingstoke first time house buyers are finding a mortgage lender to borrow money from increasing difficult, but there are banks that will lend, subject to strict criteria.

A flat in Basingstoke still remains the first time buyer's first point of call upon getting on the property ladder when compared to buying a house in Basingstoke.

 

Renting in Basingstoke

House rents and flat rents in Basingstoke are expected to rise in the coming year according to Basingstoke estate agents, due to the lack of affordable housing and borrowing constraints imposed by mortgage lenders. Great for landlords, but unfortunate for Basingstoke house hunters seeking accommodation.

 

 

 

 

 


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