Will the winter floods affect the UK housing market?

UK Floods 2014The 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.

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Living standards to remain low until at least 2018, says Office for Budget Responsibility

MoneyPeople 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.

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Working class hit hardest by council tax rise

Council TaxAlmost 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.

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Luxury homes in London that nobody wants to live in

London HousesIt 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.

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