millennials versus baby boomers

Millennials Versus Baby Boomers in Colchester (Part 2 of 2)

Last week, in part 1, Colchester Baby Boomers £6 Billion+ Windfall Unfair? we explored Louise’s contention that Millennials (people born after ~1985) were suffering at the hands of the older generation in Colchester who had benefited from the cumulative increase in the value of Colchester properties over the last 25 to 30 years. In addition, … Read more

baby boomers windfall

Colchester Baby Boomers £6 Billion+ Windfall Unfair? (Part 1 of 2)

I was recently chatting to fellow baby boomers at a family get-together. We hadn’t met since we were teenagers so there were partners, pets and grown up children which makes you realise how fast time flies. I was reminiscing about the “good old days” of 20% inflation, the 3 day week, 15% interest rates and the … Read more

Colchester first-time buyers could face 50 year mortgages

Colchester First-Time Buyers Could Face 50 Year Mortgages!

First-time buyers are important for both landlords and homeowners. If first-time buyers aren’t buying, they still need a roof over their heads, so they rent – which is good news for landlords. If they buy, demand for Colchester starter homes goes up – which makes it easier for other Colchester homeowners to move up the … Read more

Colchester council house waiting list

Colchester Council House Waiting List Drops 14.6% Over Last 4 Years

In Colchester, there are 8,131 social housing households, which represent 16.22% of all the households in Colchester. There are a further 4,162 families in the Colchester Borough Council area on the council house waiting list, which is similar to the figures in the late 1990’s. In 2012 the council house waiting list in Colchester peaked … Read more

moving to Colchester

How Far Do People Travel When Moving To Colchester?

This was prompted by a question a client asked me recently. Although moving to Colchester and leaving Colchester are two separate questions regular Colchester property blog readers will know I love a challenge – especially one that involves delving into Colchester property market stats. The short and predictable answer is “not far!” Anyone researching their … Read more

Leasehold properties in Colchester

Colchester Leasehold Properties Now 1 in 14

Colchester leasehold properties have traditionally been flats or commercial premises but that’s changing as the percentage of leasehold properties increases. There are 23.36 million properties in England and Wales. 64% are owner occupied and 36% are rented from a private landlord, local authority or housing associations. Over 90% of English and Welsh owner-occupied properties are … Read more

Colchester apartments

Colchester Apartments Outperform Property Market Average by 12%

According to the Land Registry’s latest House Price Index for Colchester and the surrounding locality, the value of Colchester apartments and flats are rising at a faster rate than terraced and town houses, semi-detached properties and even detached property. Over the past year Colchester apartments and flats have increased in value by 13.63%, which is … Read more

the pressure on the Colchester housing maret due to high birth rate

Over 3 Babies Born For Each New Home Built in the Colchester Area

Over the last decade the birth rate has continued to rise adding ever more pressure on Colchester’s green belt land and the already overstretched Colchester property market. 3.11 babies were born for every new home built in the Colchester Council area during 2016. Inevitably this means more demand for housing and, along with other reasons … Read more