The Colchester housing market has gone through a sea change in the past decades with the Buy-to-Let (BTL sector) evolving as a key trend, for both Colchester tenants and Colchester landlords. A few weeks ago, the Government released a White Paper on housing. I have had a chance now to digest the report and wish … Read moreHow Will The BTL Sector & BTR Sector Transform The Colchester Property Market?
This week I’m going to look at Colchester’s “Generation Trapped” which follows on from last week’s post about the issues facing Colchester’s “Generation Rent”. Attitudes to renting have certainly changed over the last twenty years and, as my analysis suggested, it’s likely to be a permanent change. Although a minority of Generation Rent do feel … Read moreColchester’s “Generation Trapped” and the £8.21bn Legacy
During the “good old days” of the 1970’s and 1980’s we coped with 24% inflation, 17% interest rates, the three day working week, 13% unemployment and power cuts but at least most people aspired to buy their own homes. Most people in work could afford to buy their own homes. Why aren’t 20 and 30 … Read more“Generation Rent Forever” Have No Intention To Buy a Property To Call Home!
Recent statistics published by the Office of National Statistics show that there are 267,704 private rented households in the Country occupied by people aged 65 and older and 4.39% of OAP renters are living in private rented property. It got me thinking two things. How many of these OAP’s (people aged over 65 for the … Read moreOAP Renters Occupy Over 3% of Colchester Households