{"id":3075,"date":"2017-05-08T10:05:53","date_gmt":"2017-05-08T10:05:53","guid":{"rendered":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/?p=3075"},"modified":"2024-11-26T17:49:31","modified_gmt":"2024-11-26T17:49:31","slug":"the-uk-housing-market","status":"publish","type":"post","link":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/2017\/05\/08\/the-uk-housing-market\/","title":{"rendered":"The UK housing market"},"content":{"rendered":"<p><span style=\"color: #000000;font-family: Calibri\">The <\/span><a href=\"https:\/\/www.legalandgeneralgroup.com\/assets\/portal\/files\/pdf_216.pdf\"><span style=\"color: #0563c1;font-family: Calibri\">Legal and General reported<\/span><\/a><span style=\"color: #000000;font-family: Calibri\"> that from its findings in 2016 the bank of mum and dad was involved in 25% of all property transactions.\u00a0 57% <\/span><span style=\"color: #000000;font-family: Calibri\">of \u00a0the under 35s received help from friends and family to buy \u00a0the home they live in. <\/span><\/p>\n<p><span style=\"color: #000000;font-family: Calibri\">Also this week the <\/span><a href=\"http:\/\/www.ilcuk.org.uk\/index.php\/publications\/publication_details\/lengthening_the_ladder_the_future_of_mortgage_borrowing_in_older_age\"><span style=\"color: #0563c1;font-family: Calibri\">International Longevity Centre<\/span><\/a><span style=\"color: #000000;font-family: Calibri\"> reported that with current economic trends home buying will be older and paying off a mortgage will not occur until old age.\u00a0 It stated that \u2018The amount of mortgage debt held by over 65s is set to increase by more than \u00a319 billion by 2030.\u2019 <\/span><\/p>\n<p><span style=\"color: #000000;font-family: Calibri\">Other useful sources of discussion on trends in home ownership <\/span><span style=\"color: #000000;font-family: Calibri\">include:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;font-family: Calibri\">IFS \u2013 which in April published an <\/span><a href=\"https:\/\/www.ifs.org.uk\/publications\/9146\"><span style=\"color: #0563c1;font-family: Calibri\">article on why it pays to have rich parents!<\/span><\/a><span style=\"color: #000000;font-family: Calibri\">\u00a0 Search their website for further articles on housing, affordability and mortgages.<\/span><\/li>\n<li><a href=\"http:\/\/visual.ons.gov.uk\/uk-perspectives-2016-housing-and-home-ownership-in-the-uk\/\"><span style=\"color: #0563c1;font-family: Calibri\">UK Office for National Statistics<\/span><\/a><span style=\"color: #000000;font-family: Calibri\"> has official graphs on home ownership trends which provides a snapshot from 1980 onwards.<\/span><\/li>\n<li><a href=\"https:\/\/www.cml.org.uk\/news\/press-releases\/february-2017-monthly-lending-trends\/\"><span style=\"color: #0563c1;font-family: Calibri\">Council of Mortgage Lenders<\/span><\/a><span style=\"color: #000000;font-family: Calibri\"> also has general monthly trends in lending to first time buyers.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Legal and General reported that from its findings in 2016 the bank of mum and dad was involved in 25% of all property transactions.\u00a0 57% of \u00a0the under 35s received help from friends and family to buy \u00a0the home they live in. Also this week the International Longevity Centre reported that with current economic [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,7,15],"tags":[235,237,218,312,93],"class_list":["post-3075","post","type-post","status-publish","format-standard","hentry","category-economics","category-finance","category-sociology","tag-economics","tag-finance","tag-housing","tag-mortgages","tag-united-kingdom"],"_links":{"self":[{"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/posts\/3075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/users\/89"}],"replies":[{"embeddable":true,"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/comments?post=3075"}],"version-history":[{"count":1,"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/posts\/3075\/revisions"}],"predecessor-version":[{"id":3076,"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/posts\/3075\/revisions\/3076"}],"wp:attachment":[{"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/media?parent=3075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/categories?post=3075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/tags?post=3075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}