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Second Properties Versus First Time Buyer Homes, Apocalypse Now Or For Future Generations?

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"On first inspection this data from Direct Line makes for depressing reading for first time buyers. Whilst the limitations of the projections are accepted, the future scenario suggested here paints a very black picture for the first time buyer..."

Annual growth in the number of second properties will outstrip that of first-time purchases over the coming decade.

By 2015 the number of second properties will reach 3.3 million, a rise of 664,000 or 25 per cent.

In contrast, fewer than 300,000 first-time buyers will enter the market annually by 20152 - this represents a 17 per cent decrease from today's figures (364,300).

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Guest X-QUORK

The limitations of the projections are fundamentally flawed in that they assume the housing market will continue on it's upward trajectory. If prices remain flat or drop then we will see a very different picture.

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Guest mattsta1964

"On first inspection this data from Direct Line makes for depressing reading for first time buyers. Whilst the limitations of the projections are accepted, the future scenario suggested here paints a very black picture for the first time buyer..."

Annual growth in the number of second properties will outstrip that of first-time purchases over the coming decade.

By 2015 the number of second properties will reach 3.3 million, a rise of 664,000 or 25 per cent.

In contrast, fewer than 300,000 first-time buyers will enter the market annually by 20152 - this represents a 17 per cent decrease from today's figures (364,300).

It's bull!. It wont happen. Have a long cool beer

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Pah.....and my names mystic meg as well! We can all predict the future without looking at economic cycles if we have a crystal ball.

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don't forget that when the old and asset rich are forced to sell those

assets to fund their care - the second 'homes' will be the first to go.

with the number of younger people declining the value of those sales

will also decline..

the demographic timebomb is most certainly ticking - unfortunately there

may well be an entire generation too young to have benifitted from asset

inflation and yet too old to be able to benefit from those assets when the tide

of selling begins.

it is illogical for an entire generation to believe that they might sell their

assets for gain all at the same time. with the generation behind them 'asset

poor' there will be no-one to buy them.

for those that manage to do so - the taxman will be waiting.

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  • 301 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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