Stonebuilt Property Consultants

24/10/2022

https://www.economist.com/finance-and-economics/2022/10/20/housing-markets-face-a-brutal-squeeze/

How bad will things get?

13/07/2021

Contact us directly on WhatsApp!

17/08/2018

Good is easier with good property. # innovative options

20/04/2018

High house prices and years without real-terms wages growth have prompted a growing number of young people to abandon the idea of ever owning their own property.

Earlier this week a report by the Resolution Foundation revealed that up to a third of ‘millennials’ face living in private rented accommodation all their lives, and now a separate study has found that people are currently more concerned about property prices and housing availability than at any point in the last five years.

Research undertaken by YouGov has found that 83% of people now consider existing house prices a ‘serious’ problem, up from 77% five years ago. This is despite the fact that asking prices are currently falling, according to Zoopla.

The results of the YouGov study reveal a worsening picture for those wanting to get a foot on the property ladder.

Among aspiring first-time buyers, the proportion saying house prices (86%) and saving for a deposit (87%) is a serious problem is up over the past year.

Those looking to buy property in London are feeling the impact of the crisis harder than most, with 90% of Londoners surveyed saying house prices are a serious problem, up from 84% in 2014.

Meanwhile 77% of respondents say availability of housing is now a major concern, up from 69% in 2014, according to the survey, which was conducted on behalf of the HomeOwners Alliance and BLP Insurance.