Recent searches
Search options
UK Housing markets (ownership & rental) are dysfunctional:
Rents are rising as fewer landlords are entering the market slowing down supply of rentable homes;
house prices continue to rise pushing people towards rentals, driving up demand;
rents, mortgages & other household coats are rising forcing more into effective poverty (or near poverty).
It all looks like a continuing transfer of income from workers to property/share owners....
So perhaps functional for them, then!
@ChrisMayLA6 How does the demand for short term lets (Airbnb etc.) - and the leisure consumption of asset rich baby boomers play into these changes? Who is occupying the housing that is available?
Its an interesting issue; anecdotally it looks like dwellings are being removed from the long-let market & rented on a shirt term basis by AirBnB & such like as there is more margin there..... given landlord's cost pressures, but I'm not sure if there's any data confirmed that recently