UK properties more affordable but fewer first time buyers are entering the market

[Nicholas Wallwork]

First time buyer affordability in the UK is at an eight year high but fewer are buying properties, new research from one of the biggest lenders reveals. The average deposit is down 15% but the total number of first time buyers is at its lowest since 1974, according to the Halifax First Time Buyer Review [...]

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[aki]

why Brent is least affordable in london with ratio being 9.11

UK properties more affordable but fewer first time buyers are entering the market

a possible answer:
lots of private housing and council housing in same borough. private housing may be more expensive e.g. more of houses then flats and being subarb maybe large houses. lots of council housing occupying low income households, so avg population income for the borough is reduced.
interestingly the stats below reflect a better mix of population instead of class divide where the ratio is high.

The article would confuse a reader who has no understanding of the london property market.

 

[gatekeeperuk]

First time buyer affordability in the UK is at an eight year high but fewer are buying properties, new research from one of the biggest lenders reveals. The average deposit is down 15% but the total number of first time buyers is at its lowest since 1974, according to the Halifax First Time Buyer Review [...]

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May be due to recent recession and the current market conditions are again revealing the same conditions. First time buyers mainly young buyers are a bit careful now and they think 100 times before investing

 

[comp]

Can't Understand This

Hey guys. My first post, please can somebody tell me why btl investments are so hard to find aswell.

 

[jackie606]

Hi
There are literally 1000's of BTL opportunities available, dependent on where and how you are looking... what problem are you facing?
Jackie

 

[jackie606]

First-time buyers are buying proportionately more in cities than towns as they opt for convenience over size.[/quote]

hello this may be the case in india, but the UK is at a different point in the cycle at the moment and prices have corrected significantly since 07/08 for a number of reasons, finance, recession, etc etc

 

[sebba63]

First-time buyers are buying proportionately more in cities than towns as they opt for convenience over size.

hello this may be the case in india, but the UK is at a different point in the cycle at the moment and prices have corrected significantly since 07/08 for a number of reasons, finance, recession, etc etc[/QUOTE]

i have to agree with Jackie on the original quote... its logical, 1st time buyers 25 - 35 yrs old... much more likely to be buying in the city.