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
In May 2016, Rt Hon George Osborne, MP for Tatton, published an official HM Treasury analysis stating UK house prices would be lower by between 10% and 18%, by the middle of 2018, compared to what is expected if the UK remained in the European Union. Nine months after the Referendum let’s take a closer look … Read moreColchester Unemployment Down to 3.7%. How Does this Affect the Colchester Housing Market?
Just before the Christmas break one of my landlords popped into my office with his eleven year old son who asked “How much would it cost to buy all the houses in Colchester?” Over the holidays the question stuck with me and I set myself the challenge to come up with an answer for the … Read moreWhat’s the Total Value of Colchester Properties?
Is buy to let immoral? Let’s look at how the buy to let market got started. The urge to own our own homes is peculiarly British and sets us apart from our European neighbours where renting is the norm and who owns the house, or the land, isn’t nearly as important. Back in 1971, when Ted … Read moreIs Buy To Let Immoral? Part 2 of 2
With 15,475 private rented households in Colchester by 2021 does this make buy to let immoral? Shall we blame Colchester buy to let “Baby Boomers” (55 to 70-year-olds) for the current housing crisis in the town? As the country slowly recovered from the economic hardships experienced during world war II there was a massive rise … Read moreIs Buy To Let Immoral? Part 1 of 2
On a cold and foggy January morning there’s nothing better than a cooked breakfast so I arranged to meet up with a long standing client, and friend, at the Jubilee Cafe. We got chatting about the number of Colchester properties for sale. I had just completed my research for this blog post so our conversation … Read moreColchester Properties For Sale – Unexpected 9% Autumn Boost
Colchester property price rises do look set to be more restrained in 2017. Although Brexit hasn’t had a sizeable impact on the Colchester housing market so far looking forwards the economic outlook remains uncertain so Colchester property price rises do look likely to be subdued in 2017. However, I don’t think this is bad news … Read moreColchester Property Price Rises – 2017 Brexit Slowdown?