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That type of inflation tells me that either the buy-to-letters have moved in to the market place in large numbers, or else people are waking up to the fact that it is far better to buy than to rent in such inexpensive places. These reduce-cost sales were in dramatic contrast to Altrincham in Trafford , where 11 houses have been sold for much more than £1m.
Rural old houses are typically quite cheap, the advantage of such properties is that they come with large plots of land. Investors as well are a lot more than prepared to supply their home for rent to tenants using subsidized housing vouchers. This indicates this will fall beneath the jurisdiction of the United States Department of Housing and Urban Improvement that will put this property up for sale or auction. One particular way of disposing the foreclosure homes right away is by promoting them as cheap houses through auctions.
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