• Published Date

    March 17, 2019
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PROMOTION El The best investment most ofus will ever make Paul LeGrice of Abel Homes says that we should view buying a home as a social as well as a financial investment /here woull dinner property should first and foremost be a home, rather than a financial instrument Owning a property shoaldn't be about accumulating wealth, but about providing your family with a secure home which they can enjoy-surely that is the whole point parties be without the subject of house prices to lubricate the conversation? As a nation we are in thrall to the housing market, and owning our own home remains one of the most wide held aspirations across a huge swathe of the population It is easy to believe that this is because owninga home has, at times, seemed like a way to make easy money The latest igures show that between 2009 and 2018 saw average house prices rise by around £100,000 (albeit that this period did sart during the deepest and longest recession since the war). However, tew of us will be able to afford the perfect family home as a first-time buyer, and the ability to trade up as family circumstances change is impoctant, and is only really possible if prices are moving upwards. We know romfamilies who are on their second or even third Abel Bome that this is how the market should work in a perfect world If you own a home and have no intention of moving, that rise is good news- the value of your mortgage debt in relation to that of your home will become steadily smaller, meaning you own a greater proportion of the equlty. On the other hand, if you are renting, rising house prices could mean that the moment you can get your foot on the property owning ladder gets further away Also, we shouldn't forget that a sustainably rising market does provide the opportunity for older'empty-nesters to downsize, rekase some of that equity and help the next generation get their own home. We see this happening a great deal, and it is an important by- product of a rising market. Buying a house shouldn't just bea financial investment. But baying a home temains the best investment financial and social - that most of us will ever make, and even ifthe market has its wobbles that is as true today as it has ever been. Which iswhy the housing market will continue to be the subject of many a dinner party conversation Einher way, what The Guardian recently called our 'national obsession' with house prices all seems rather ierelevant when you consider that a Abell Homes currenty have properties for sale at their sites in Swaltham, Watton, Mattishall and Hingham with gonerous detached houses and bungalows soon to be released on their highy anticipated site at Gressenhall. For more details visit Abel Homes