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Nabby81

Number of Buyers aged 18-35 drops 21%

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http://www.telegraph.co.uk/property/house-prices/number-homebuyers-aged-18-35-drops-21pc-millennials-continue/

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The so-called silver economy appears to be the driving force behind growth in the UK housing market, with those aged 66 and over the only age group to see an increase in the number of property exchanges over the past quarter. 

Although the period between April and June has seen 17,000 (6.2pc) fewer home moves overall, there were 1pc more homemovers aged 66 and over compared to the previous quarter, and 55pc more than during the same period last year.

By comparison, the number of homemovers in all other age brackets has fallen over the past three months, with those in the 18-25 and 26-35 age groups seeing the biggest drops.

 

 

Edited by Nabby81

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2 hours ago, crashmonitor said:

Concurs with my thoughts that the property Market is held together by folk swapping largely unmortgaged Equity with each other. New entants require HTB to be players.

That's pretty much my view.Even the BoMAD trades are semi equity trades that just lift wider leverage a touch.

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Number of Buyers aged 18-35 drops... IS THAT EVEN NEWS ?

We must note that there aren't many WELL PAID JOBS being offered to 18-35 as they don't exist anymore, Half the British Tech sector is outsourced for example... 

Majority of young in this age group are STRUGGLING to save for a deposit as they are paying EXTORTIONIST Rents. 

And even if they do somehow gather a Deposit (specially applies to 50 Miles Radius from London) the expected increase in Interest Rates will substantially increase mortgage payments and DENT their budgets in a few years. 

Some FOOLS will think of Help to Buy as an Opportunity, rather than Enslavement via DEBT for life. Ok, I agree HTB may have been an opportunity at 2009 prices but not at current prices for sure !!

The only way out is a 40-60% Drop in Property Prices... Tougher Laws on BTL and a Hard Brexit with Net Migration < 50K. 

In addition if we could implement some of Trump's (:unsure:...I Know...:wacko:) policies of bringing at lease "SOME" of manufacturing and services BACK from China and India, and tighter controls on Visas, while bigger focus on Youth Training (HOW MANY NEW TRAINING INSTITUTES YOU CAN OPEN WITH 10 BILLION THAT MRS MAY IS DONATING TO BUILDERS?)

NOW NONE OF THE ABOVE IS NEITHER IN TORY NOR LABOUR SPEECH OR MANIFESTO !! :(

 

 

 

 

 

 

 

 

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  • 297 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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