Greater Michigan Realty

The housing market isn’t totally doom and gloom all over. Even in the current economic crisis there are still quite a few of isolated micro markets that are not only holding their own; they’re continuing to enjoy steady gains.

It’s interesting to compare these growth areas and to try to identify the common aspects that permit these areas to buck the current trend and sustain and even boost their home prices even through the current economic crisis. If we can do that, we can perhaps spot another area with all those features and get in ahead of the game.

If we look at House Sales UK nationally, we can see that these recession resistant pockets are to be found the length and breadth of the country, and at first sight seem to have very little in common with each other, but a closer inspection shows that they all have at least 3 of the following qualities:-
1. First Class Transport Links to Important Commercial Centres and or Career Opportunities.
2. Quality of Life & Proximity to Amenities & Areas of Outstanding Beauty.
3. Not considered Trendy enough in the boom years to become over-priced.
4. Major Infrastructure, Amenity or Commercial Developments about to come on stream.
5. Outstanding Schools.

Cartmel in Cumbria is a typical illustration of this trend. It’s on the southern edge of the English Lake District, just distant enough to be off the beaten track of the majority of tourists, so it stays accessible in the height of the summer. It has first class rail links to Manchester & its airport, Lancaster with its excellent boys’ and girls’ grammar schools. By Road, the M6 Motorway is less than 20 minutes away. Less than 1 hour journey takes in the High Tech Industrial Areas of West Cumbria, the Lake District Tourist Opportunities and the Commercial & Regional Government Centres of Carlisle & Preston.

Other Areas already picked out include the Cotswolds with its outstanding natural beauty, and proximity to Bristol and the midlands Industrial opportunities. At the same time it’s near enough to London for regular weekend trips. Taunton in Somerset and West Cornwall villages are enjoying a miniature boom because of recently significantly improved road links cutting journey times to important commercial centres and even London. The villages of North & West Yorkshire, with their natural beauty and proximities to the excellent schools, commercial, industrial and tourist opportunities of cities such as York, Harrogate, Leeds & Bradford. Two less obvious areas are Anglesey in North West Wales and Warrington in Cheshire.

It’s undoubtedly a great time to get into these areas where home values have continued to offer reasonable and genuine values in good times and in bad. You may not see the gigantic spikes in your property value, but you will enjoy steady growth, and, most decisively, when it’s time for you to realise your investment, you’re far less liable to be trapped in a price trough.

If you want to get into one of these areas, but need to sell a home first, you could do worse than contact one of those Companies that buy Homes. These cash house buyers do pay 20% under market value, but if you’re present home is likely to fall by something approaching that amount before you are fortunate enough to sell, why not get out now, and get your money into something more stable over the long term?

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