A tale of two Britains: homes market boom deepens social divide

Claire Tomlinson and her partner Ricky Collier pose for a portrait in Sandbach, Britain, September 25, 2020. REUTERS/Molly Darlington

Now house prices have risen to record highs, some 3-4% above their pre-pandemic level - a stark contrast to the battered economy which may be on course for its biggest annual contraction in around 100 years. “Needing more space has always been the most popular reason for moving house, but now there’s a new urgency for extra space to be able to work from home,” said Tim Bannister, Rightmove’s director of property data.Britain’s housing market has long been a story of winners and losers. Now the coronavirus pandemic is likely to deepen the sector’s role as a driver of inequality.

Since the average price of a new-build house in Cheshire East stands at around 330,000 pounds, the chances of finding a home in Sandbach eligible for the scaled-back support looked slim.Recent research from insurance company Legal and General showed 33% of Britons who are likely to buy a house in the next five years plan to do so with their parents’ financial backing - up from 19% in 2019.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Studio City home where Rihanna, Britney Spears recorded songs comes to marketSongwriter Scott Spock is asking $3.95 million for his Studio City home/recording studio where artists such as Rihanna, Britney Spears and Shakira have recorded songs. everyone's moving out.... Chinese gonna own this bitch Thou shall not cover my neighbors recording space
La source: latimes - 🏆 11. / 82 Lire la suite »

A plague, but not on houses—why is the global housing market booming?Donald Kendall started out as a youngster on PepsiCo’s bottling line, and rose to become the legendary CEO who presided over a cultural phenomenon. “Money Talks” reflects on the life of the man who sparked the “cola wars” Government protections have stopped evictions so therefore houses are not going to market so prices are stable. It’s not rocket science Who care if Trump dies? The only thing that matter is make sure he will not pass the virus to Biden.
La source: TheEconomist - 🏆 6. / 92 Lire la suite »