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Emeritus Prof Christopher May

Hmmm.... in 2024, the number of first-time buyers rose by 19%, and made up over half the purchases made with a mortgage (according to Halifax), of which nearly two-thirds (of those mortgages were in two names - couples buying together).

So, on the face of it this might look like good news.... but, equally a loosening of constraints, alongside continued record house prices, also means the number of people with a stake in maintaining those prices has (again) risen!

h/t FT

Feb 14, 2025, 06:39 AM·Public·Web
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