Property News
Boston’s ‘Generation Stuck’ and Their £782m Tied-up Equity
- 11 Aug 2022
The predicament of the Boston 20 to 30 year olds who rent and their inability to get onto the housing ladder is often discussed in the press. There are 4.43m properties in the UK that are still in the private rented sector (compared to 2.13m in 2002).
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Will the Cost-of-Living Crisis Mark the End of the Booming Boston Property Market?
- 9 Aug 2022
Boston property prices have increased by 29.9% over the last two years. Boston house prices have risen on the back of several things, including changes in how people see their homes and how they live and work (i.e., working from home), a lack of properties on the market and government tax incentives (the stamp duty holiday in 2020).
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Boston’s Millennials to Inherit £279,612 Each From Their Baby Boomer Parents
- 4 Aug 2022
The total value of homes owned by Baby Boomers in Boston alone is £1,136,167,500 – and two-thirds of the Boston Millennials are set to inherit all that in the next few decades! Could this be the answer to the housing crisis?
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Boston Property Prices Have Risen by 407% Since 1995
- 22 Jul 2022
Tell me what is happening to the Boston property market”, asked the friend of a friend at a recent do I went to in Boston (after finding out I was an agent in Boston). I always reply, “It depends if you are buying, selling or both
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Boston Starter Homes are 35.4% Cheaper Today Than in 1989
- 9 Jul 2022
Even though the average value of a Boston first-time buyer property has risen by 292.3% since 1989 to £144,290, the monthly payments Boston first-time buyers must make on their mortgages as a proportion of their take-home pay is 35.4% less today compared to 1989.
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63% of Boston Properties Were Bought With a Mortgage in the Last Ten Years
- 2 Jul 2022
Could the high levels of mortgages that Boston people take out cause another property crash? Many Boston homeowners and landlords have been contacting me recently and asking what will happen to the Boston (and the UK) property market? More specifically, will we have a repeat of the 2008/9 Credit Crunch property crash?
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