The Bank of England’s Monetary Policy Committee voted to raise interest rates in November for the first time in 10 years. The Bank rate is now 0.5%, back to where it was before the UK voted to leave the EU in the referendum in June 2016. Having such low interest rates for such a … Read more
A record 65% of landlord purchases over the last 12 months were made by cash buyers 78% of investors in the North East paid in cash compared to just 42% in London In October rents grew by 0.5% year-on-year, driven by rises in the Midlands and Wales The rising number of landlords buying in … Read more
The final chapter of the housing journey begins when people start trading in large family homes for smaller ones.
Having traded up from a flat or a smaller house, the middle of the housing journey is firmly the preserve of families living in large homes.
We’re comfortable talking about first time
buyers, a journey given much scrutiny and much measurement, but we are much less likely to talk about those moving for the first time.
First time buyers are front of the pack in the Government’s drive for home ownership, with much recent housing policy aimed at supporting their first purchase.
But once they become home owners their journey doesn’t end, even if the state support does. This week we will be looking at the journey home owners face moving on for a second, third, fourth and eventually last time and what their onward mobility means for the rest of the housing market.