Following the catastrophic “mini-budget” that caused interest rates to skyrocket on the few mortgages still on offer, UK house prices continue to follow a downward trend. Indeed, house prices have dropped for four consecutive months now. According to mortgage provider Halifax, average house prices fell 1.5% between November and December. The decline is not as […]
Real Estate
The London housing market will continue to fall – buyers beware!
My view is that London house prices will continue to fall in real terms within the next 12 months. If the Brexit transition is not as smooth as anticipated, prices could significantly fall in nominal terms. As a first-time buyer, I continually monitor the housing market in London because this is where I am located. […]
Do young people in the UK really have a shot at financial independence?
The Office for National Statistics (ONS) recently released a few interesting figures on the financial situations of 18- to 29-year-olds in the UK. I knew it wouldn’t be pretty. After all, I also was once 26 in London. Yet, I was quite shocked at what I read. Financial stability is far from a given for […]
How the Government murdered the buy-to-let market in London and the rest of the UK
I don’t own a home yet in London. Like many millennials, I am saving enough cash to build a substantial down payment. My target is 25% of the house price, plus 5-7% for unforeseen expenses. Long story short, it takes time and discipline is key. As an EU national, I’m quite sensitive to Brexit-related developments. […]