Number of owner occupied homes in England in decline

Discussion in 'UK Property' started by Nicholas Wallwork, Nov 16, 2016.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    While it would be no surprise to learn that first-time buyers in the England are struggling to climb aboard the property ladder, many will be surprised at the decline in owner occupied homes. The report commissioned by the Labour Party and carried out by the chief executive of Taylor Wimpey casts a very interesting light

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  2. Longterminvestor

    Longterminvestor Administrator

    It is no surprise to see a reduction in the number of owner occupied houses in the England. Property investors are now more active in the market than ever before and it is difficult to see the percentage of owner occupied properties recovering to historic levels. First-time buyers are struggling to climb onto the property ladder and they are the lifeblood of the future market.
     
  3. lookinginvest

    lookinginvest Member

    While there is no doubt that some first-time buyers are finding it more difficult to climb onto the property ladder, we must also appreciate that there has been a large jump in the number of investors. Even if houses were more affordable for first-time buyers, are we starting to see a change in the UK employment market with more people mobile and looking for short-term rental arrangements?
     
  4. Not surprised in the least to see a reduction in the number of owner occupied homes in England. If house price inflation continues at a greater rate than wage inflation it is difficult to see this situation changing in the foreseeable future.
     
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