We may face a choice between a bad deal and no deal at all. With no deal it is estimated the housing market will fall by 10-20% and some say by up to 35% which is believed unlikely at this stage.
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Average house prices in England have risen by 173% since 1997, while young adults’ real incomes only rose 19%.
Polly Simpson said: "these trends have increased #inequality between older and younger generations, and within the younger generation too."
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Average house prices in England have risen 173% since 1997 after adjusting for inflation. But young adults’ real incomes have only risen by 19%.
In that time, homeownership amongst 25- to 34-year-olds has fallen from 55% to 35%.
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House prices fell by 0.2% in May, according to latest figures from Nationwide, with ongoing pressure on household budgets helping push down prices.
Annual growth fell to 2.4%, down from 2.6% in April, with the average price of a property in the UK currently standing at £213,618.
Around 380,000 landlords (19%) plan to sell their rental properties in the coming year, according to research by the NLA. Nearly half (45%) of the 380,000 plan to sell individual flats & apartments, with a third (33%) looking to sell terraced homes.
Modern two bedroom house located on a quiet residential road in the popular Tower Gardens area.
Please contact the sales team at OAS Estates on 020 8881 5512 or email [email protected] to arrange a viewing.
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