Key workers with up to ten years’ experience are priced out of seven regions across England and Wales, as the likelihood of them being able to afford a home outright in the East Midlands, East of England, Home Counties, South East, South West and West Midlands falls to below 30% - with Greater London offering them just a 1% chance.
Only when a key worker earns £40,000 or more, can they have … more
“2016 was a challenging for the housing market, but it appears to have overcome these obstacles without experiencing significant instability. The changes to Stamp Duty Land Tax (SDLT) meant that a huge amount of transactions were brought forward into the first quarter, and it is therefore unsurprising to see that house price growth and mortgage lending was slower in the second half of the year as … more
“The publication of this White Paper has been long awaited, and while we welcome the Government’s renewed pledge towards fixing Britain’s ‘broken housing market’ the ultimate issue still remains - what do they mean by ‘affordable’?
“From our own research, we know that homebuyers view affordable as a home that costs in the region of £125,000* to buy … more
Number of shared ownership purchases increased by over 130% in the last six years
Nearly one in five (17%) shared ownership purchases in the last six years have been by first-time buyers
Average age of those purchasing shared ownership properties has fallen by nine years since 2011 (age 44 to 35)
Majority of shared ownership properties purchased in London and the South East, as property prices sore … more