Andy Foote of SevenCapital was speaking earlier this month and said, "at some point during their career, many people will question, pension or property? As the retirement age rises, and the cost of living increases, this age-old debate is becoming increasingly common."
A home within 500 metres of a tube or railway station in London will carry a massive premium compared to a similar home location 1,000 metres further away.
The squeeze from too many people looking for a new house and a paucity in supply continued in May, according to the latest RICS UK Residential Market Survey.
The Bank of England will intervene if it considers soaring house prices will affect the inflation rate says Sir Dave Ramsden, a deputy governor of the Bank.
The government has introduced discounted homes for key workers and local residents through its launch of the First Homes scheme.
Research by estate agent comparison site GetAgent.co.uk has revealed first-time buyers (FTBs) are now paying 10% more than a year ago, while existing homeowners have seen the cost of buying increase by 11%.
Ascend Properties, have highlighted which areas of the property market present the biggest potential opportunity for Build to Rent investors based on the prominence of renting.
Deals agreed between buyers and sellers during March and April will result in monthly price increases of 2.9% in June and 3.7% in July when those deals complete, according to the Reallymoving House Price Forecast April 2021.
- Average Asking Price Hits £333,564
- These Cities will Continue to Attract Investors Post-Covid-19
- Landlords Welcome Eviction Ban End But Want Cash Help For Renters
- Equity in UK Homes Exceeds £650bn for First Time
- Stock Shortage Crisis as Listings Now Down by 25%
- No Widespread Sell-Off By Landlords Despite Attacks On Buy To Let
- New Guide for First Time Landlords
- Where is the Most Profitable Place to Buy UK Investment Property?