The answer to this question is yes, in a number of ways. The recent Floods have had a devastating impact not only on people’s lives and homes but they will also affect the country’s real estate market. In the UK, this winter has been one where floods have had an enormous effect on a number of homes, it has been officially declared as the wettest winter on record.
The government must act now and address Britain’s housing shortages or else they risk creating a ‘lost generation’ of people who are unable to acquire ownership of a home, according to one of the country’s leading housing charities.
The total level of disposable income that the average British household possess will be 3.5% less in 2019 than it was at the start of the financial crisis back in 2008, according to one of Britain’s top think tanks.
First time buyers comprised the largest percentage of mortgage recipients during 2013, the highest level of acquisition since 2000, according to the UK’s largest lenders.
Have you considered buying a brand new house around Cambridgeshire? Cambridge has loads to offer from museums, majestic college buildings, to the wide variety of country pubs and restaurants available for all those evenings out.
People in the UK will not see a return to a level of living standards anywhere near they enjoyed before the recession until at least 2018, the Office for Budget Responsibility has identified. In a study conducted by the OBS, it was revealed that the actual value of wages had decreased in the past 3 three years, with a forecast of 2018 given as the time when incomes will begin to reach their pre-recession levels.
Almost 300,000 low income households in the UK are set to be hit by a rise in their council tax payments by a total of £80 each year, a recent study of council attitudes has revealed. The Joseph Rowntree Foundation conducted a survey in order to gauge council’s response to the government’s removing its limit threshold, and found that almost 50 authorities are downgrading the level of aid provided to families struggling to make their payments.
It is well documented that more wealthy overseas buyers are investing in residential property in London as the market is seen as a safe haven for their cash. So it was interesting to see reports at the weekend that almost a whole street in one of London’s wealthiest areas has luxury properties lying empty because their foreign owners have left them or have been unable to afford their expensive upkeep.