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Posts Tagged ‘first time buyers’

London Property Still Prohibitively Out of Reach for First Time Buyers

by Overseas Property Mall on Monday, October 24th, 2011 in Buy to Let, London Property, UK Property

For the last few years, the London property market has been one of the most talked about in the world. Before the crash it was talked about because of the rapid rate at which property prices were growing, especially prime properties, and the fact that first time buyers were being priced out of the market.

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London Rents Rising Steeply with High Demand for Flatshare and Affordable Properties

by Overseas Property Mall on Monday, January 10th, 2011 in London Property

apartment-building-in-londonThe London rental market is booming. According to several sources including the Royal Institute of Chartered Surveyors soaring rental demand is leading to the fastest rent growth in years.

Unfortunately for the young professionals moving to the city, they really need the streets to be paved with gold to be able to afford somewhere to live. With mortgages out of the question for first time buyers, and rents also currently outwith their budget they are being forced to go down the route of a flatshare or choose somewhere downmarket, really really downmarket.

The Guardian introduced us to 23 year old graduate Aaron Frazer, who, after moving to London to take up a job with a charity, has found himself completely priced out of the market.

After attending a “flatmate party” in which those with rooms for rent and those looking for rooms are thrown together in the hopes of finding a connection, a dejected Frazer said:

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First Time Buyers Priced out of KL Property Market

by Overseas Property Mall on Friday, December 3rd, 2010 in Kuala Lumpur Property, Malaysian Property

First time buyers in Malaysia have been largely priced out of buying landed properties in Kuala Lumpur after massive price escalation. Stories like that of Joshua Nonis, who couldn’t find a quality landed property within his budget of 200,000RM, are becoming all too common.

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Falling UK House Prices Increases Interest from First Time Buyers

by Overseas Property Mall on Wednesday, November 24th, 2010 in UK Property

The number of Britons planning to buy a home for the first time has increased as the prospect of falling prices bolsters demand, Rightmove Plc said.
The likelihood of a contraction in UK house prices in the near future is leading to an increase in interest from first time buyers according to Rightmove plc.

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Prevalence of Foreigners Pushing up Central London Property Prices – Again

by Overseas Property Mall on Tuesday, November 23rd, 2010 in UK Property

Knight Frank, one of London’s largest and most prominent estate agents has reported that once again foreign buyers are pushing up house prices in Central London.

According to the firm the proportion of foreign buyers in Central London stood at 68% in June this year, compared to 53% in June last year, with foreign buyers even more dominant in the top end of the market.

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Midweek – International Property News Beat – More Dubai Woes, Chinese Housing & Hot Swiss Property

by Overseas Property Mall on Wednesday, April 15th, 2009 in Property News Summaries

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