Real Estate Blog

Author: Todd Luong

  • Can a Horse Racing Track Influence Real Estate Prices in the UK?

    Horse racing is one of the world’s most popular sports, and while Texas has its share of racetracks like Lone Star Park, the impact of racecourses on real estate prices is a global phenomenon. In the UK, living within striking distance of some of the biggest courses in the world could be a lucrative business for some.

    However, living near one of the notable courses could also come at a price based on the market values of some of the houses up for sale with postcodes of those that share one with racecourses. 

    Zoopla stats support that argument, with the data found that house prices within postcodes of mixed racecourses commanding a staggering 25.3% price premium. 

    The same stats also find that house prices are a 18.5% premium for national hunt courses in the same area code, and flat racetracks having a 15.2% premium on house prices in the local area.

    Mixed Race Course Locations Have High Premium

    The stats found that mixed racecourses have a higher premium on housing prices in the region. A mixed racecourse is simply one that stages both jumps and flat meetings, meaning that there is racing all season round. 

    The highest average price is found to be £346,000, with many being located near to tracks in the London area. In terms of comparison, the national hunt average for postcodes is set at £258,000, while the flat racing average is slightly higher at £276,000. 

    There is little surprise that the vast majority of the most expensive racecourses to live near in England are found in the south. Coming out on top is Sandown Park in Surrey, which has housing prices at a staggering £905,000. 

    Incredibly, that is a higher average than Ascot, which stands at £694,000. Epsom comes out in third, while Goodwood and Windsor round off the top five. While living near racecourses has a big impact on the prices of these locations, it should also be worth noting that four of the top five have direct links to the nation’s capital. 

    Higher Averages Across the Nation

    Outside of London, the stats found that premium prices are also placed on other locations that share a postcode with a racecourse. A key example can be found in the forms of home located in the LS22 postcode, which is shared by Wetherby in West Yorkshire. Homes in the postcode average at £348,000, which boasts a staggering 119.1% premium based on the average cost of buying a house elsewhere in the same region.

    Southwell in Nottinghamshire also has a massive 111.7% premium on homes based on the typical average across the region. That trend isn’t just found for homes outside of London, as there is a 111.4% increase in terms of average price of homes that share the SL5 postcode with Ascot in comparison to other houses in the Berkshire region.

    The increased averages also show further trends at other areas across the United Kingdom. There is a 64% increase on prices near Bath racecourse in comparison to the Somerset average, while houses in the NE3 postcode shared with Newcastle Racecourse are 55% higher than the rest of the region. 

    Why Could It Be A Wise Investment?

    Despite paying a premium on the cost of the house in the region of a racecourse, there are major perks that could come with the investment. 

    One of the most notable is the fact that tenants can opt to rent out their house for periods around some of the major events that are staged at the track. That is none more evident than in the Cheltenham or Louisville region – where the US TwinSpires Kentucky Derby happens – as many locals look to put their houses on AirBNB for the four-day Festival meet. 

    Costs during this period in hotels range from upwards of £1,000 for a three-night stay, meaning that tenants can put down a significant amount in terms of an asking price should Racegoers wish to stay in their house. 

    As well as having huge benefits financially, it could also help those with financial constraints to take advantage of the location of their house in order to make some money back. 

    Does Sport Have A Huge Impact Overall?

    It isn’t just horse racing tracks that have a major impact on real estate prices, as homes near other sporting venues also come at a premium. For example, homes near the iconic Lord’s cricket ground cost an average of £1.4 million. 

    Although, it could be argued that a key reason for this is also largely down to the location being found in the middle of London. Chelsea is also the highest ranked soccer stadium in the Premier League in terms of real estate. 

    A house near Stamford Bridge averages at £1.2 million, which far outweighs the prices of housing in other cities and areas in the south. It is also a much bigger average than the cost of housing near other soccer stadiums such as Old Trafford, Anfield, and the Etihad, which is low in comparison.

  • The Allure of Irish Country Houses for Irish Americans in Texas

    Generations of Irish Americans still have strong roots to their ancestral land of Ireland. Many dream  of returning to the land of their ancestors, where green hills meet historic villages and storytelling is embedded in the culture . Among Texans of Irish descent (1.7 million people at last count), this longing often takes shape as the pursuit of an Irish country house.  These homes, with their timeless charm and pastoral beauty, hold a special place in the hearts of those seeking to reconnect with their roots.

    And many American citizens have bought property successfully in Ireland.

    But navigating the Irish property market while living overseas also comes with many challenges.

    Roisin Cahill, a property buyer’s consultant based in Ireland, has made it her mission to bridge that gap for members of the Irish diaspora. “For so many of my clients, buying a home in Ireland isn’t a transaction at all.  It’s deeply emotional,” she says. “I see my role as helping them fulfill a dream while removing as much stress as possible from the process.”

    The Emotional Appeal of Irish Country Houses

    Ireland offers a unique lifestyle. The country has a fully modernized economy and its cities (Dublin, Cork and Galway) proudly take their place on the international stage.

    That said, Ireland’s compact size means that spectacular countryside is always on your doorstep. And within the countryside spectacular country houses are to be found. 

    Irish country houses evoke a unique blend of nostalgia and possibility. Ireland offers an escape from the fast-paced, sprawling urban environments of Texas. Depending on where you locate yourself in Ireland, misty mornings over rolling hills to a soundscape of waves crashing in from the Atlantic can be yours. Ireland’s beauty punches far above its weight. 

    A Blend of Charm and Functionality

    Irish country houses come in many forms. You can choose between the simplicity of thatched cottages or the grandeur of big  estates. And if you’re an equestrian at heart, Ireland’s country houses are a gift from the gods.

    Every one of Ireland’s country houses is a once off. Whether its stone walls weathered by time, expansive gardens and/or farmland or interior details such as exposed beams and roaring fireplaces, your country house will be a guaranteed original. For buyers, these homes aren’t just properties; they’re works of art imbued with soul.

    The Practical Considerations of Buying Property in Ireland

    There is no doubt the dream of owning a country house in Ireland is a compelling one. And the picture painted above of the immense charm of these houses is true.

    But, and it’s a word of caution worth paying attention to, the reality of purchasing property in Ireland comes with challenges. You need to understand the market, navigate Ireland’s legal system and satisfy all the paperwork requirements.

    Bridging the distance

    Ireland’s properties, both in urban and rural areas, are in hot demand. Therefore the difference in time zones between Texas and Ireland can frustrate even the most determined buyers.

    Roisin explains, “The Irish property market moves quickly, especially for sought-after country homes. If you’re trying to manage the process from Texas, it’s easy to feel left behind.”

    You need someone on the ground who is going to act in your interests. 

    Knowing what to look for

    Daydreaming about your romantic Irish country home is an important step in the process. But, once you get down to the business of actually buying one of these beauties, you need to think with a practical head on your shoulders. 

    Access to schools, healthcare or even internet connectivity might be less straightforward than in Texas. Balancing the dream with everyday needs is critical. This is where your own property buyer’s consultant working for you saves you a lot of stress, time and money.

    The legal landscape

    Buying a property in Ireland is a very different process from that of the U.S., and requires buyers to work their way through unfamiliar legal and financial hurdles.

    For example, it is quite important to be involved with a solicitor quite early in the process since their role of handling the contract, finding the title, and ascertaining if the house has any encumbrances, among other duties, is really critical. Secondly, for buyers, this means having an idea of all the particular taxes, like Stamp Duty, and the myriad of other little fees that add up to the price.

    These would include registration fees for the property as well as search fees for the local authority. Lacking adequate knowledge of these factors, or not being advised properly by a professional expert, buyers may find themselves in situations that include delays, unforeseen expenditures, or even legal problems that may affect the purchase.

    Local expertise will ensure a smooth transaction and the avoidance of the common pitfalls that can occur within the Irish property market. Your property buyer’s consultant will be well-versed in the legalities of Irish property law.

    The Expertise Required to Make It Happen

    Roisin Cahill has spent years helping members of the Irish diaspora find homes that reflect both their dreams and their practical needs. Her clients value her ability to streamline what can otherwise feel like a labyrinthine process.

    Finding your place

    Much of Roisin’s work involves understanding her clients’ priorities, whether they’re drawn to the cultural vibrancy of Galway, the rugged beauty of Kerry or the pastoral quiet of Wicklow. “Every family has its own story,” she says. “For some, it’s about reconnecting with a specific county where their ancestors lived. For others, it’s more about finding a home that aligns with their lifestyle.”

    A steady hand

    Roisin takes on the logistical challenges of property buying, from organizing viewings to negotiating on behalf of her clients. But she also brings a personal touch, helping buyers navigate the emotional highs and lows of purchasing their dream home. “It’s not just about finding the right property. It’s about helping people feel at home, even before they’ve moved in,” she adds.

    Living the Irish Country House Dream: Timeless and Transformative

    For Irish Americans in Texas, the allure of an Irish country house goes beyond bricks and mortar. It’s about building a bridge between the present and the past, a connection to the stories and traditions that shape identity. 

    If you’re considering such a move, Roisin offers a word of advice: “Think about what you want your life in Ireland to look like; not just the house itself, but the community, the lifestyle, and the memories you want to create.”

    Ireland’s proximity to Europe and well connected flight network to most parts of the USA means you can have the best of every world. But you need an expert to guide you to achieve the very best environment for you and your family.

    Where Dreams Meet Reality

    While the decision to purchase an Irish country house is often made from the heart for Irish Americans, these purchases can be a smart investment too. Irish property has experienced a general increase in prices of almost 10% in the last 12 months. And this figure was coming from an already strong base. 

    Whether you’re drawn to the rugged coastlines of the west or the gentle countryside of the east, Ireland has a home waiting for you. And with guidance from someone who understands both the dream and the practicalities, that home may be closer than you think.

    Author bio: Roisin Cahill, founder of Emerald Sage Property Buying Consultants, is a dedicated advocate for property buyers, Roisin supports clients through every step of purchasing property in Ireland, making the process smoother and more manageable.

  • Investment Insights: Why Real Estate is a Smart Choice

    Source: freepik.com

    If you’re fixin’ to invest your money in something that grows and brings a big return, real estate oughta be at the top of your list. It’s one of the most dependable ways to build up your investment portfolio and rake in bigger earnings down the road.

    But here’s the deal—you don’t want to go all in on just one item. It’s kinda like playin’ cards—you spread your bets to keep your risks in check. That’s what we call diversification, and it’s just as important in real estate as it is at the poker table..

    Real estate could be a golden ticket, but it has its twists and turns. The markets change; competition arises, so you’ll need to mix your investments in various kinds of properties. If one region does not do too great, others may be what keep you above water. The name of the game is to balance things out.

    The Power of Diversification

    You’ve got two big choices when it comes to real estate investment: residential and commercial properties. Residential is like that good ol’ reliable friend—you know you can count on it to bring steady returns over time. It ain’t flashy, but it’s dependable, kinda like a savings account that keeps growin’ slow and steady.

    Commercial properties might be a little unpredictable, but when they pay off, they pay off big. If you’re ready to play the long game and take a few risks, they can bring in some serious profits.

    Take residential properties, for instance—returns in the form of rent usually fall between 1.5% to 2.5%. It’s a steady flow, but it might not get you to your financial goals as fast as you’d like. That’s where commercial properties shine—they often deliver higher returns, anywhere from 6% to 9% a year, with the potential for even bigger payoffs down the road, making them a key part of any high-reward strategy.

    How Diversification Works

    Diversification of the portfolio ain’t just about throwin’ money at whatever comes your way. It’s gotta be a smart, strategic decision—pickin’ assets that work together, like those offered by real estate investment companies. When one slows down, the other’s there to pick up the slack.

    Think of residential homes as your solid backbone—they keep things steady and runnin’ well. However, if you’re willing to take on a bit more risk, commercial properties may help you grow your portfolio. By combining both, as well as some low, medium, and high-risk assets, you may create a plan that can withstand any challenge.

    Real-Life Strategies for Diversifying

    If you want to keep your real estate portfolio fresh and balanced, here are some solid strategies:

    • Don’t Put All Your Eggs in One Basket: Spread your investments across different locations. This way, if one area cools off, the other properties in your portfolio continue to be hot.
    • Mix Property Types: Don’t stick to just homes or apartments. Consider adding commercial properties like office spaces or industrial sites. This helps cushion your portfolio if the housing market takes a hit.
    • Diversify Your Tenants: Rent to families, college students, and businesses. In that way, should one particular group moves out; you have still others that would keep your cash flow going.

    THe best option if you’re startin’ out on a tight budget is residential properties—they’re easier to get your hands on and tend to grow in value over time. But if you’ve got deeper pockets and can handle a little more risk, commercial buildings can offer bigger returns.

    Expert Advice on Diversification

    John Thomas, Managing Director of Assets Xperts, says,

    Diversification into real estate isn’t an option but has turned out to be a mandate now

    If you diversify well, you end up safeguarding your resources from market flux. Where one of them underperforms, all others can counterbalance the latter, thus equilibrating returns on investment for you

    Thomas also notes that the combination of assets with different levels of risk allows investors to make better financial forecasts. Be it short-term gain or long-term growth, diversification will keep your portfolio strong and resilient.

    A Balanced Approach

    Before you get started, consider your budget and goals. Residential properties are perfect for those looking for steady, long-term growth. They are the tortoise in the race: slow but sure. If you can take on a little more risk in hopes of higher returns, then commercial properties may be your ticket to bigger returns-just remember that where great potential goes, so does great responsibility and danger.

    The Bottom Line:

    Real estate is like the Swiss Army knife of investing; it’s got a little somethin’ for everybody. You’ve got residential and commercial, covering the whole market. The key is finding your balance and stickin’ with what works best for you. Take your time, do your homework, spread out those investments, and start building that dream portfolio.