The latest research from comparethemarket.com has revealed that over 5.5 million Brits believe that they will never be able to own a home. The survey of over 2,200 adults who have never owned a home, found that 33% of respondents believe that at no point in their lives will they own a property. This figure rises to 65% amongst 45 – 54 year olds, suggesting that a large cross section of British people have given up on the hope of home ownership.
The insights come from the Global Real Estate Outlook from property investment firm IP Global, a biannual report which identifies and analyses the best-performing cities for property investment. Property in Manchester is seeing an ongoing investment surge from both overseas and domestic buyers according to a new report from property investment firm IP Global. The insights come from the Global Real Estate Outlook from property investment firm IP Global, a biannual report which identifies and analyses the best-performing cities for property investment.
http://www.theguardian.comLondon mayor Sadiq Khan is to launch the UK’s most comprehensive inquiry into the impact of foreign investment flooding London’s housing market, amid growing fears about the scale of gentrification and rising housing costs in the capital. Khan said there are “real concerns” about the surge in the number of homes being bought by overseas investors, adding that the inquiry would map the scale of the problem for the first time.
The British property market has had an eventful year. From stamp duty changes to a new era of independence, every political decision has some kind of effect on a country’s property market. With the calm slowly returning after the Brexit storm, it’s time to look at some numbers and see how the country’s property prices have actually behaved during a very eventful year.
Properties coming to market appear to be in a post-Brexit vote bounce, Rightmove has claimed. The portal’s September house price index found that the asking price of property coming to market rebounded by 0.7% in the month, up £2,277 to £306,499 following a 3% drop in the previous two months.
Currently, there are 4.5 million private renters across the UK, a number which will increase to 6 million over the next couple of years. Letting agents Your Move tried to find out more about those living in rented accommodation and asked 2,873 tenants across the UK about their renting lifestyles. The study, conducted on behalf of Your Move’s sister company LSL Corporate Client Department Ltd, revealed that 40% of private tenants across the UK are aged 46 years and older.