James' Blog about Property

Discussion, advice and philosophical points about all things property whether UK or International markets

Posts Tagged ‘Home Ownership’

The future of the UK Property Market?

Posted by jamesdearsley on August 5, 2009

I have been debating for some time now about where the housing market is going to go to in the future however the thoughts have really picked up speed since the October 2007 and the start of the so called “property recession”

My main thought is the issue of Home Ownership (HO). Can our current rate of home ownership be sustained with rising house prices – or rather this was the case when I first started thinking about it! Now I question whether the amount of borrowing will have play a determining role rather than house prices. You could argue that it is both as first time buyers are still struggling with the multiples of income that they still need to afford house prices despite the falls – especially in the South of the country which is already seeing a slight recovery.

This article is going to cover my thoughts backed up by historical evidence and offers insights in to where I believe the future lies. The main issue here is that I believe we are on the cusp of a generational shift in the housing market and it is going to be interesting to watch it. The main issue here is that an Estate Agency would need to consider these thoughts to review its business model and change to reflect the market place. It will be really interesting to see what happens. Read the rest of this entry »

Posted in buy to let market, Housing market, Real Estate Industry, UK Property Market | Tagged: , | 5 Comments »