Buying Property In Windsor-00-5523

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The Royals, whose chosen family name is Windsor, stay at the imposing Windsor Castle most weekends of the year when they have no other engagements, but don’t expect an invite to dinner when you move in to the area! However, the castle is open for visits to the building itself, and is one of the major attractions that turn Windsor into a tourist destination hotspot.

In keeping with this upper class tone, Eton School is only minutes away, making that school run quick and easy. For the kids, there is Legoland, a very big big wheel and a fairground by the riverside, as well as boats for hire on the Thames. Dog walkers can roam around the extensive parklands of Windsor Great Park while garden lovers can visit Savill Gardens and lunch at the excellent Visitor Centre. Anyone for polo? Windsor has excellent facilities in the Great Park, and there’s always nearby Royal Ascot if you want to lose some of your cash. Add the fact that you have good road and rail links to London and you find that Windsor is one very desirable piece of real estate indeed.

Property Market Trends

There are plenty of good houses ...
... for sale in Windsor but they don’t come cheap in this staunchly Royal borough. Even in the present severe property recession, the average property asking price in Windsor is currently £354,520 compared with about £160,000 average for the UK as a whole, making Windsor more than twice as expensive to move to. Given the ongoing recession, lack of business confidence and the resulting impact on property sales, it is perhaps not surprising that it can take an average of almost six months to sell a detached property in Windsor, although the better-priced semis there are moving more quickly, at an average of 118 days.

At the bottom end of the local market, flats are actually falling in price to a ‘mere’ £158,500 average, which shows the continued reluctance of lenders to provide mortgages to first time buyers without a large deposit on the table and a good income to back things up. Overall, sales of property in Windsor have fallen drastically though the detached houses, when they eventually get sold, are on the increase in terms of sales volume. Which all goes to show that with property, as in life, nothing succeeds like success!

Advantage of Buying in Windsor

Provided you are lucky enough to be able to overcome the hurdle of relatively high prices, this is a great time to look for houses for sale in Windsor. Although you’re unlikely to see a large increase in capital value in the short term, the long term prospects for property owners in this town remain excellent. As with any property in the UK requiring a mortgage, great care must be taken with the amount of mortgage taken on, as it is unlikely today’s remarkably low interest rates will continue indefinitely - 25 years is an unusually long term commitment.

That said, this is a buyer’s market which may not come around again for some time in such a desirable area. Riverside setting, country walks, a good stock of attractive housing, respectable neighbours, impressive castle, M4 to London or take the railway from the town centre: what’s not to like? Even the aircrafts flying overhead from nearby Heathrow fail to take the shine off this aspirational address.

About the Author:

With the Queen as a neighbour, http://www.findahometoday.co.uk/ is some of the most desirable real estate in the UK. Visit Find a Home Today for the lowdown on http://www.findahometoday.co.uk/ .