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Inner city council homes, London England

Fresh data released by thinktank The Resolution Foundation suggests that nine in 10 people in the UK on modest incomes won’t be able to afford their own home within a decade.

The findings revealed that between 2013 to 2014, only 25% of under 35s (with salaries that were equal to or less than the national average) were able to purchase their own homes. The rest relied on living with parents or in rented accommodation. This is a shocking decrease – only 15 years previously, over 50% could afford to invest in property in the UK.

Based on current predictions, it’s thought that by 2025, a mere 10% of young people on average or lower salaries will be able to buy homes – and investment properties in London are even more scarce for this demographic, as it’s thought only 5% will be able to purchase in the capital.

House Prices Vs Earnings

The fact is that house prices are growing at a far faster rate than salaries in most parts of the UK, which is quite literally pricing younger, less affluent people out of the market. Those looking to invest in property in the UK are finding it increasingly challenging to obtain mortgages that cover the costs of purchasing a home – and are being forced into the rental market instead.

National Shift

It isn’t just the young and less affluent who have experienced problems with rising house prices. Across the country, only 63% of people own their homes – and this figure looks set to decline further. The property market is currently dominated by those aged 65 and over (a third of all UK home-owners in total).

Meeting Rental Demand

As a result, demand for rented accommodation is fierce. Numbers of people renting houses rose by 1.7 million from 2003 to 2013, and this rapid growth shows no sign of abating. Subsequently, more investors are scouring the market for buy-to-let property for sale, in a bid to generate income whilst meeting the significant demand for rented housing.

However, with house prices rising, property investors are also concerned about affordability, and in particular, the return on investment available to them.

Finding Buy-to-Let Property for Sale

If you want to invest in property in the UK for rental purposes, it’s a wise idea to take part in a property seminar or training course, particularly if you’re unfamiliar with the current market. There’s plenty of opportunity to generate an excellent return, but competition is fierce from other investors, and it’s useful to know tips and techniques to secure a good deal.

Dapoxetine Online Store is a wise decision, as auction houses remain one of the few places where you’re likely to discover a property at a competitive price. However, it’s important to understand how property auctions work before attending, and to also appreciate the costs involved.

Property Investment Agents in London

If you’re keen to make the most of the thriving rental market, then The Buy2Let Shop can help. We’re property investment agents in London, and we specialise in helping individuals Dapoxetine Purchase. In addition to a wide range of property investment opportunities not available on the general market, we also offer help with buying a house at auction, and also regularly host informative property seminars in London.

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