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ABODA FINE HOMES

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FINE HOMES

Welcome to my blog

 

Here you can read all my advice, tips and property market knowledge about buying and selling a high value home in the Wisbech Town & Village area

By Alex at Aboda, Oct 10 2019 11:19AM

Here's a quick snapshot of what's been happening in our property market in the East of England:


House prices - The average price of a home rose by 0.7% in July compared to a year ago, according to the official UK house price index. Strongest growth is currently in Wales with prices rising by 4.2%.


Transactions - Confirming a small summer bounce, sales levels in August were 0.9% higher than a year earlier according to the HMRC. This is a significant turnaround from a -14.8% fall in July although momentum is not expected to be sustained into September.


If you would like a more detailed report of what's happening - please feel free to get in touch with ABODA Fine Homes - we are always happy to help!


Alex Doggett - Owner - ABODA Fine Homes



By Alex at Aboda, Sep 26 2017 08:11PM

Research by the Resolution Foundation think tank has found that young people are spending three times more on housing than their grandparents did.


At the age of 30 millennials spend 23% of their annual income on housing costs, compared to those born 1926–1945 who, aged 30, spent just 7%.


The post war baby boomers now benefit from record levels of outright ownership, but there are now as many young families (aged 25–34) living in the private rented sector as owning a home or living in the social rented sector combined (36%).


While the number of mortgage loans issued to first-time buyers over the past year is at its highest level since pre the financial crisis, the average age of a first time buyer looks set to continue to rise over the coming years.



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