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  • Research by the Resolution Foundation think tank has found that young people are spending three times more on housing than their grandparents did.
  • At the age of 30 millennials spend 23% of their annual income on housing costs, compared to those born 1926–1945 who, aged 30, spent just 7%.
  • The post war baby boomers now benefit from record levels of outright ownership, but there are now as many young families (aged 25–34) living in the private rented sector as owning a home or living in the social rented sector combined (36%).
  • While the number of mortgage loans issued to first-time buyers over the past year is at its highest level since pre the financial crisis, the average age of a first time buyer looks set to continue to rise over the coming years.
 

  • 22nd September marks the first day of autumn. As the weather starts to chill and the landscape takes on a rustic hue, many homebuyers are still actively searching for properties, looking to move into their new homes before Christmas. In 2016, 28% of all property sales occurred during the autumn months.
  • There have been four autumn house’s sold so far this year, the most expensive selling for almost £3 million in Taplow, near Maidenhead. It’s counterpart in Rawdon, West Yorkshire sold for well over half a million.
  • Of all the seasons, it seems that autumn proves the most lucrative when it comes to property names. Homes bought this year which have included autumn in their name, have sold for more than double those which included summer.
  • Meanwhile, seven Autumn Cottages have also been bought this year, ranging from £163,500 in Norfolk to £640,000 in Tring, Buckinghamshire.

 

  • The 131st Wimbledon Tournament is in full swing. Over the next two weeks, over 1.4 million strawberries and 86,000 ice creams will be consumed, washed down with 330,000 cups of tea and coffee, 110,000 pints of beer and 320,000 glasses of Pimms.
  • By the time the cork pops on the 29,000th bottle of champagne, a record £31.6 million will have been awarded in prize money. The winners of the singles Championships will both be presented with £2.2 million.
  • Should they be looking to invest their winnings in residential property, the prize fund will go a long way. The runners up will both pocket £1.1 million, which, in 2016 would have been enough to choose between 98.6% of all homes sold in England and Wales. They will comfortably be able to afford an average priced property just up the road in the London Borough of Westminster.
  • Meanwhile, the singles Champions would have had choice of all but 0.3% of homes sold in England and Wales during 2016. With £2.2 million, the Wimbledon Champions will be able to choose between some of the country’s most exclusive addresses. A property in fashionable Notting Hill would be within reach.
 
The Property Ombudsman Deposit Protection Scheme Rightmove Zoopla Primelocation