Newcastle Properties
Newcastle upon Tyne is a beautiful city with amazing architecture and style.
Newcastle is renowned for landmarks such as the Tyne Bridge, the Angel of the North, the Sage Centre and the Millennium Bridge. The Quayside and Central Station are the local hotspots with an excellent selection of trendy bars and restaurants. There are also numerous museums, art galleries to visit and some amazing beaches in the area.
When looking for Newcastle Properties, there are many impressive locations to choose from, many in close proximity to the city centre. The Quayside and City Centre are ideal for those wanting to be close to the shops and central to Newcastle's infamous nightlife. Many Quayside properties offer spectacular views of the river Tyne.
Gosforth and Jesmond are also popular areas for property in Newcastle because of their amazing period properties, the shops and bars and the close proximity to the city centre which is only 5 minutes away. Both locations are also popular with students due to their location and the wide selection of houses and flats available to rent.
Property in Newcastle
Coastal towns such as Tynemouth and Cullercoats are renowned for their fantastic beaches with local historical landmarks such as the Priory. This coastal region also has its own nightlife with a wide selection of restaurants, trendy bars and seafront cafes and some amazing views.
Newcastle property prices have risen dramatically over recent years making it more difficult for first time buyers to buy property of their own. Many first time buyers are now purchasing small apartments or property in up and coming areas of Newcastle to achieve an affordable mortgage. Many young people looking for Newcastle Property have opted to rent rather than buy because of the property prices in the area.
Private Property Sales Newcastle
The increase in house prices has also affected the rate at which new buyers can climb up the property ladder. It is unlikely that such a large property boom will take place in the near future meaning that that many first time buyers will need to stay in their first property for some time before making any profit on their investment and moving to a larger property.
The increase in Newcastle property prices has not only affected first time buyers but has also buy to lets. There are numerous opportunities to rent property throughout the region, forcing property owners to offer competitive rates/ rent to tenants. This combined with the increase in house prices and therefore monthly mortgage repayments, landlords are often having to adjust to a smaller profit margin on their properties.