Rental demand is only going one way, with current and forecast house price growth. Thanks BBC for sharing my thoughts.
According to Halifax, annual house price growth in the year to March was 6.5%.
This is driven by two big factors: affordability and long term rising living standards.
Looking to the future, the extension to the temporary SDLT reduction is likely to continue to encourage housing transactions and price growth, though this will slow as the temporary measures ‘taper down’.
The trend of rising living standards is expected to continue, though the unfortunate truth is that it is unequal within and between generations.
For lower income households and younger generations, affordability constraints and preferences for flexibility will continue to boost rental demand, throughout wider uncertainties and the inevitable unemployment that comes with the difficult economic circumstances we find ourselves in.
Click here for the full article: https://www.bbc.co.uk/news/business-56687447