Resolution Foundation
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Rental market
18% jump in rents since Covid, and ‘more to come’ says think-tank
The cost of new tenancies has grown by 18% since January 2022 with the proportion of poorer families renting almost tripling from just 11% in the mid-1990s to nearly 30% in 2021-22.
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Latest property news
Housing think tank says UK homes ‘worst value’ in developed world
The Resolution Foundation continues its campaign to persuade the public that the nation is in midst of 'housing crisis'
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Latest property news
Think-tank says higher interest rates have given boost to household incomes
Resolution Foundation says older asset-rich households have gained the most while younger, mortgaged households have been hit hard.
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Latest property news
British households face rocky road into 2024 – claims think tank
Resolution Foundation says there are real challenges for politicians trying to tell a single story about whether the country is making progress.
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Housing Market
Mortgage rates to fall but more pain to come, think tank warns
Financial markets expect that Bank Rate will peak at nearly 5% in November but interest rates are expected to move much more slowly on the way down than on the way up.
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Latest property news
High rents are drastically reducing employment mobility, claims think tank
High rents have halved the number of younger workers moving location to get a better job, says the Resolution Foundation.
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Housing Market
Will property sales ever bounce back?
The attitude towards house buying is changing and millennials are at the forefront of shaping that change. Gone are the days of staying at your mum and dad’s house, cramped in your teenage bedroom whilst you try and save up for that all important deposit for your first home. More and more millennials are now choosing to rent rather than buy, with thanks to crippling student loan debts and the after effects of the Great Recession being the major catalysts in the change in attitude. ATTITUDES OF THE MILLENNIALS Two major issues that affect millennials today are contributors to the change in attitude. For many, they simply choose to rent rather than buy, mainly due to the era of ‘nownership’ becoming very popular in recent years. ‘Nownership’ is a term used to describe the favouritism of experiences over ownership of goods or property. More and more people are valuing a fulfilled life of experiences, social events and creating memories over getting on the property ladder. The trend of ‘nownership’ is filtering into other markets too. The market for renting clothing and accessories is growing and as a result one in five people in the UK are interested in renting items…
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