I recently read a report by the Yorkshire Building Society that 54% of the country has seen wages (salaries) rise faster than property prices in the last 10 years. The report said that in the Midlands and North, salaries had outperformed property prices since 2007, whilst in other parts of the UK, especially in the South, the opposite has happened and property prices have outperformed salaries quite noticeably.
As regular readers of my blog know, I always like to find out what has actually happened locally in Hounslow.
Moving to a bigger home is something Hounslow people with growing young families aspire to. Many people […]
The mind-set and tactics you employ to buy your first Hounslow buy to let property needs to be different to the tactics and methodology of buying a home for yourself to live in.
I was having a lazy Saturday morning, Kids were watching Good dinosaur on TV and I was reading […]
Over 75 percent of Brits aged 65 and above (the baby boomers) are owner-occupiers, the biggest share since records began and a proportional rise of over 48.3% since the early 1980’s. Looking at those Baby Boomers (the current 65+year olds) .. and roll the clock back 36 years (to when they were in their 30’s and 40’s and two thirds (65.6%) of them owned their own home.
What’s happening to the Hounslow Property Market
is a question I am asked repeatedly. Well, would it be a surprise to hear that my own research suggests that there isn’t just one big Hounslow property market – but many small micro-property markets?
My thoughts to the landlords and homeowners of Hounslow…
The tightrope of being a Hounslow buy-to-let landlord is a balancing act many do well at. Talking to several Hounslow landlords, they are very conscious of their tenants’ capacity and ability to pay the rent and their own need to raise rents on their rental properties (as Government figure shows ‘real pay’ has dropped 1% in the last six months). Evidence does suggest…..
Over the last 12 months, the UK has decided to leave the EU, have a General Election with a result that didn’t go to plan for Mrs May and to add insult to injury, our American cousins elected Donald Trump as the 45th President of the United States. It could be said this should have caused some unnecessary unpredictability into the UK property market.