The majority (73%) of landlord sales in 2022 were made by those reaching retirement, with many being early adopters of the first buy-to-let mortgages which launched in 1996, Hamptons research shows.
The property market is being saved from a house price crash by an unlikely source – renters buying their first home.
House prices, sales levels, new listing numbers and buyer demand remained sluggish last month, but there are signs the picture looks set to improve in the long run, a closely-watched survey of chartered surveyors has revealed.
Bank of England interest rate hikes could put more businesses in danger in its bid to tame the UK's double-digit inflation, an expert has warned. Economists have said the Bank's base rate could go as high as five percent as decision-makers try to keep a lid on runaway price hikes.
Housing demand outpacing supply means house prices go up. House prices outpacing wages means affordability goes down. Affordability going down means homelessness pressures intensify. All the while, ever more homes are left vacant, their doors closed to those sleeping rough on many of the same streets. Express.co.uk breaks down the numbers along this chain of crisis and asks the experts what can be done to fix it.
England faces fresh housing crisis as 55 councils SCRAP planning targets in a victory for NIMBYs: 77,000 fewer new homes could be built each year leaving first-time buyers in limbo.
Some stability seen in forward-looking indicators.
Ultra-low interest rates are set to return with inflation due to tumble in the near future, according to the International Monetary Fund (IMF).
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