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 moreMillennials Versus Baby Boomers in Colchester (Part 2 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 moreColchester Baby Boomers £6 Billion+ Windfall Unfair? (Part 1 of 2)
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 moreColchester First-Time Buyers Could Face 50 Year Mortgages!
It’s been clear for some time the rate of rental inflation (how much rents are rising by) has eased, in real terms, over the last year. I discussed this in my recent tenant fees ban post. My recent research shows rents, in some parts of the UK, have actually dropped for the first time in … Read moreColchester Buy To Let Long Term Predictions
When George Osborne announced plans to restrain the buy to let (BTL) market, back in November 2015, his aim was to take the pressure off aspiring first time buyers competing with landlords for the limited number of first time properties on the market. It’s unlikely he expected landlords to open a BTL limited company to … Read moreSurge in Colchester Landlords Setting up BTL Limited Companies