Wed, Oct 1, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Market Moves, Residential property Watch more

UK: Who will benefit from the housing market recovery?

Posted on 19 April 2013

Upbeat assessments of the U.K. economy are few and far between. The latest quarterly report from the influential ITEM Club predicted a modest 0.6% rise in GDP this year and says the housing market is now seeing a “win-win of rising disposable incomes and increasing affordability factors.”
The house price-to-wages ratio is 4.5, down from 2007’s peak of 5.8, and the ITEM Club sees disposable incomes gaining from rises in personal income tax allowance and strong employment levels. Affordability is increased by the government’s “Help to Buy” scheme. The ITEM Club thinks one million families will move house this year, up a quarter from recent levels, driving higher house prices, additional housing-related spending and ultimately construction………………………………………Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031