12 months ago, the unemployment rate in Hounslow stood at 3.5% of the working population, yet with Coronavirus hitting the UK, what impact will this rise in unemployment have on the Hounslow property market?
n the last few months, the Hounslow (and UK) property market has resisted and flouted every economist’s prediction. With the economy a shadow of its former self, unemployment set to hit 11.9%, the Government on track to borrow nearly half a trillion pounds to pay for Coronavirus support packages etc.,
Looking back at the Hounslow property market for 2020, it can certainly be seen as a frenetic game of two halves, albeit with a very long half time in the spring. Between the General Election […]
With the banks reducing the number of low deposit mortgages (i.e. deposit of 10% and below) since Covid-19 hit in the spring, this has meant that the number of Hounslow first-time buyers has been decreasing quickly, […]
What will happen to the value of your Hounslow home next year? What will a no deal Brexit on the horizon, the end of the stamp duty holiday in March, unemployment set to rise after […]
With the second lockdown starting on the 5th November 2020, does this mean Hounslow landlords can wave goodbye to their Hounslow buy-to-let investment and see it go up in smoke on the bonfire of buy-to-let dreams, like a Guy Fawkes puppet?
Hounslow homebuyers and Hounslow landlords purchasing residential property have saved £1,799,400 since the Chancellor reduced Stamp Duty on 8th July 2020, yet many more Hounslow homebuyers could miss out.
Boris Johnson has attracted both praise and horror in equal measure with a new plan for 95% mortgages to help beleaguered first time buyers to get on the property ladder, but would that expose UK taxpayers to too much risk? In this article I discuss the implications of what that would mean both nationally and locally in Hounslow.