Would You Buy In The Current Housing Market ?
Due to splitting with the ex I have got the opportunity to buy her out, I managed to get her to agree to pay her an amount that would represent her capital in the property when we bought it 2 years ago which was £14k property was bought for £330k and at the time we got it cheap. It's on the market for £399k but offers have been at £330k and £350k so far.
£14k seems a good deal but I'm not sure how long it would take for the market to recover, and now they mentioned today the possible suspension of stamp duty. If I bought the house my motivation would be investment as I don't really want to live there, but that may ease with time. Do you think it worth it or would you sell at £350k (no chain so quick) and walk out with £60k in your pocket and rent and see what happens with the housing market ? Do you think the housing market would ever recover to the same levels as before ? The property is London, nice area and good transport links, in a good market it would sell very quickly imo.