The North Offers The Best Option For Young Buyers

Pimperne1

As if it needed saying but some good detail on ages and prices in here:


http://www.lloydsbankinggroup.com/media/pdfs/halifax/2011/240911_The_North_FTB.pdf

abaxas

And better options next month, month after, month after that.... etc

It's a bit like and inverse DFS here. Dont buy now, pay less later :P

Pimperne1

Wrong thread!

Pimperne1

abaxas wrote: »

And better options next month, month after, month after that.... etc

It's a bit like and inverse DFS here. Dont buy now, pay less later :P

And in the north you are probably right. Two tier housing market in the UK.

Graham_Devon

In other words, where house prices are lower, more people are able to buy. Who'd have thunk it?

Even goes on to state due to lower prices, the lower deposit helps people buy houses earlier. Again, who'd have thunk it?

Overall, it's stating the obvious. Key bit of info was the average cost of a FTB property, at 135k.

abaxas

Pimperne1 wrote: »

And in the north you are probably right. Two tier housing market in the UK.

We are in the NE (West of Newcastle).

Quality at the right price is selling quick. The problem is it's a hard sell for EAs to tell clients their property is worth 25-30% less than it originally was. Hence, lots of overpriced houses that have been on the market for years.

Also the !!!! end has fallen out. Why pay 90k for a 2 bed terrace when 120 gets you a 3 bed semi. Hence no-one wants to pay 90/80/70/60k with almost unlimited choice.

Pimperne1

Graham_Devon wrote: »

In other words, where house prices are lower, more people are able to buy. Who'd have thunk it?

Even goes on to state due to lower prices, the lower deposit helps people buy houses earlier. Again, who'd have thunk it?

Overall, it's stating the obvious. Key bit of info was the average cost of a FTB property, at 135k.

Yep, I wish I had started my post off with something like "As if it needed saying".

Graham_Devon

Pimperne1 wrote: »

Yep, I wish I had started my post off with something like "As if it needed saying".

So you are now agreeing that lower prices helps people buy...and buy quicker?

Pimperne is agreeing, after all the stuff about "lower prices don't help, it's access to higher mortgages that counts"?

Who'd have thunk it.

Pimperne1

Graham_Devon wrote: »

So you are now agreeing that lower prices helps people buy...and buy quicker?

Pimperne is agreeing, after all the stuff about "lower prices don't help, it's access to higher mortgages that counts"?

Who'd have thunk it.

Of course lower prices help people buy and buy quicker - who would ever say any different?

abaxas

Pimperne1 wrote: »

Of course lower prices help people buy and buy quicker - who would ever say any different?

Neither are an issue in the NE.

The problem is if they will remain in work.

FTBFun

Pimperne1 wrote: »

As if it needed saying but some good detail on ages and prices in here:


http://www.lloydsbankinggroup.com/media/pdfs/halifax/2011/240911_The_North_FTB.pdf

Will you be starting a thread later about how bears like to !!!! in the woods and that the pope is catholic?