Does that mean you made a loss? Conservatively inflation is 2%, So you made a 1.4% loss as you would have for that in a savings account Loss of interest/ Opportunity cost of the money paid for mortgage Additional costs: You would need to pay for Home and content insurance: £200 to £1000 Repairs: £1000 or so. Please add any additional home ownership costs that you may know. Like if you need a new mortgage or move deals etc. Summary: You kind off need 4-5% annual house price growth to keep you in the game, with this level you are looking at thousands of pounds of losses every year

The average asking price on a home jumped by nearly £3,500 in April - marking the biggest month-on-month uplift in over a year - according to Rightmove property website.

Private landlords will no longer be able to evict tenants at short notice without good reason under new government plans. The change is intended to protect renters from "unethical" landlords and give them more long-term security. Section 21 notices allow landlords to evict renters without a reason at the end of their fixed-term tenancy. The National Landlords Association said the move would create "chaos" and make fixed-term contracts "meaningless".

Finally some rights for people who have to rent Its so insecure it beggars belief and I was shocked at the sheer numbers of families renting Little wonder we have a mental health epidemic

The fact that nobody seems to imagine even that raising minimum wages causes the prices of stuff -bought- by people on the minimum wage to increase equally always amazes me. That aside, nothing is more like inflation than wage inflation.

House prices are lower in England compared with a year ago - the first annual fall in property values since 2012, according to the Nationwide. In the first three months of the year, prices in England were down 0.7% from the same period in 2018.

apparently the first index to go year on year negative for England and Wales since 2012.

Posted by nickb @ 12:20 PM 12 Comments