Younger Britons are as enthusiastic as ever about home ownership, with more than eight out of ten 18 to 24-year-olds wanting to get a foot on the property ladder by the time they are 30. According to the Building Societies’ Association (BSA) quarterly consumer survey, 75% of young respondents are highly aspirational, seeing home ownership [...]
consumer confidence
Rightmove reports “trouble on the terraces”
Tightening lending criteria has hit prospective buyers of terraced properties hardest, Rightmove reports, as they are least able to save the necessary deposits. In response, sellers of the typical first-time buyer terraced home are sitting tight, with new stock of this type of property down 31% in March, compared with pre credit-crunch levels. In addition, [...]
Cebr: UK house prices to fall in 2011
A fragile economic recovery looks set to disrupt the UK housing market this year, despite affordability hitting an 8-year high.
According to the Centre for Economics and Business Research (Cebr), the value of the typical home will drop 1.7% in 2011, having gained 6.4% in 2010.
The consultancy expects “anaemic” growth in disposable incomes and higher unemployment [...]
