Comments on: First-time buyers trapped by rent rises http://www.landlordzone.co.uk/blog/news/first-time-buyers-trapped-by-rent-rises The LandlordZONE Weblog - news, economic and legal developments, current affairs and a knowledgebase for those involved with Rental Property, residential and commercial: Investors, Landlords, Property Managers, Letting and Estate Agents, Tenants and Professionals. Thu, 04 Dec 2008 00:16:04 +0000 http://wordpress.org/?v=2.6 By: barry http://www.landlordzone.co.uk/blog/news/first-time-buyers-trapped-by-rent-rises#comment-6350 barry Sun, 29 Jun 2008 23:28:13 +0000 http://www.landlordzone.co.uk/blog/?p=476#comment-6350 We're seeing a similar pattern in Central London. Affordable one and two bedroom property to let, in particular, is in short supply. Presumably as would be FTBs rent rather than buy. It's pushing prices, and thereby making it harder for them to save for more substantial deposits. At the same time, sales prices, in prime Central London at least, are holding up very well. Relatively few buyers have difficulty raising large deposits and the buy to let market is very firm as landlords see yields rising on the strength of renewd rental demand. Bottom line is that people who were buying a year or so ago on the fringes of affordability are now being squeezed out of buying. Barry www.chard.co.uk We’re seeing a similar pattern in Central London. Affordable one and two bedroom property to let, in particular, is in short supply. Presumably as would be FTBs rent rather than buy. It’s pushing prices, and thereby making it harder for them to save for more substantial deposits.

At the same time, sales prices, in prime Central London at least, are holding up very well. Relatively few buyers have difficulty raising large deposits and the buy to let market is very firm as landlords see yields rising on the strength of renewd rental demand.

Bottom line is that people who were buying a year or so ago on the fringes of affordability are now being squeezed out of buying.

Barry
http://www.chard.co.uk

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