I received a very interesting call the other day from a Hounslow resident. He declared he was a Hounslow homeowner, retired and mortgage free.
He stated how unaffordable Hounslow’s rising property prices were and that he worried how the younger generation of Hounslow could ever afford to buy? He went on to ask if it was right for landlords to make money on the inability of others to buy property and if, by buying a buy to let property, Hounslow landlords are denying the younger generation the ability to in fact buy their own home.
Rents in the private rental sector in Hounslow will increase sharply during the next five years. Even though the council house waiting list has decreased, the number of new council and housing association properties being built is at a 70 year low. The government crusade against buy-to-let landlords….
50 years ago, in 1967, the first human heart transplant was performed by Dr Christian Barnard in South Africa. In the same year Sweden switched from driving on the left-hand side to the right-hand side of the road.
The average value of a Hounslow property was £5,172, interest rates were at 5.5% and The Beatles released one of their albums – their Sgt Peppers album …
but what the hell has that to do with the Hounslow property market today?? Quite a lot actually … so with my CD Player turned up loud – let me explain my friends!
In November 2015, George Osborne disclosed plans to restrain the buy-to-let (BTL) market, implying its growing attractiveness was […]