Is it too late to stop the decline in owner occupied homes?

[realdeals]

A recent report suggested there has been a significant fall in owner occupied home rates in England due to rising prices and a lack of first-time buyers. Is it too late to stop the decline in owner occupied homes across England and the rest of the UK?

 

[Longterminvestor]

I touched on this in one of my previous post. As house prices continue to rise faster than the rate of inflation, wage inflation in particular, it is difficult to see a short to medium-term recovery in the percentage of owner occupied properties across the UK. Anybody else got an opinion?

 

[PostBrexitInvestor]

Many people discuss this problem as if it is something new when it has been building for many years now. There are many factors to take into consideration including the fact governments will always protect property prices because for many individuals and families the purchase of their home will be their largest ever investment. If people see the value of their property decline, would they be likely to vote for the government of the day in the future?

In order to bring property prices back into the reach of first-time buyers we will either need to see a significant increase in wage inflation and/or a reduction in property prices in real terms. Are any of these likely to occur?

 

[lookinginvest]

It is the double whammy of the affordability factor and the ever-increasing number of property investors in the UK. Will we ever see a significant rise in owner occupancy levels again? Probably not to the levels we saw a few years ago.