Saturday, April 22, 2017
What price can Generation Rent afford, though? 50% lower I guess.
"With people increasingly wary of rate rises, remortgage levels also remain high. Inflationary pressure to come means the first rate rise in a long time may no longer be too far off. Brexit-related uncertainty continues to see many would-be movers sit on their hands, and the General Election could see even more conservatism in the months ahead. Dire supply levels are also damaging demand. There's very little on the market and people aren't in a hurry to buy homes they sense are languishing rather than electrifying. At the high end of the market there has been an influx of cash buyers over the past nine months given the weakness of the Pound. But with Sterling seemingly in bounce-back mode, we may see this trend tail off."