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.
The most recent set of data from the Land Registry has stated that property values in Hounslow […]
As the dust starts to settle on the various unread General Election party manifestos, with their ‘bran-bucket’ made […]
According to my research, of the 95,040 properties in Hounslow, 34,915 of those properties have mortgages on them. […]
Well last week’s article “The Unfairness of the Hounslow Baby Boomer’s £3,137,470,000 windfall?” caused a stir. In it we looked at a young family member of mine who was arguing the case that Millennials (those born after 1985) were suffering on the back of the older generation in Hounslow. They claimed the older generation had seen the benefit of the cumulative value of Hounslow properties significantly increasing over the last 25/30 years (which I calculated at £3.14bn since 1990). In addition many of the older generation (the baby boomers) had fantastic pensions, which meant the younger generation were priced out of the Hounslow housing market.