Topic: | Re:We no longer have a 'Home' Housing Market | |
Posted by: | Adrian Irving | |
Date/Time: | 05/01/15 17:11:00 |
At the end of the day it probably does not matter to the young struggling first time buyer where the investor comes from but the ratio of new home sales of 2.5m to 440k investors/other buyers say it all to me. I have been at the coal face of the property market for 30 plus years and it depress me the way the market gone. Not so long ago properties were built aimed at the first home owner and I should know having sold buckets of them. Now that market, around London anyway, has virtually disappeared, and everywhere I look it’s luxury flats aimed directly at investors. To be fair I have sold buckets of those as well but, scoff if you want to, it give me no satisfaction to be more and more an investment consultant rather than helping people to get on to the property ladder as used to be the case. If you haven’t noticed the social changes this market shift has brought about you are either too young or of the I ‘m all right Jack brigade. |