{"id":1021,"date":"2016-09-13T15:23:52","date_gmt":"2016-09-13T14:23:52","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=1021"},"modified":"2016-09-13T15:23:52","modified_gmt":"2016-09-13T14:23:52","slug":"hsbc-report-on-london-property-prices-the-good-news-and-the-bad-news","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-au\/2016\/09\/13\/hsbc-report-on-london-property-prices-the-good-news-and-the-bad-news\/","title":{"rendered":"London property prices: The good news and the bad news"},"content":{"rendered":"

According to the Office for National Statistics average house worth more than\u00a0\u00a3500,000 ($664,107), but with many\u00a0salaries are not rising fast enough to keep up with property price inflation. With\u00a0the average Londoner’s salary is only just above \u00a330,000.<\/a><\/p>\n

The bad news – Generation Rent\u00a0to become the \u00a0“norm” for the majority of Brits<\/strong><\/span><\/p>\n

Owning your own home is a priority for most Britons, but for many it will be unlikely.<\/p>\n

As house prices have risen sharply, a growing Generation Rent <\/a>has been priced out of home ownership. Meaning renting is fast becoming the “norm” for the average UK national. As it is, in European countries and the US.<\/p>\n

The\u00a0good news (for landlords) – Rental yields and capital appreciation likely to grow as demand outstrips supply.<\/strong><\/span><\/p>\n

One winner, is the existing\u00a0UK landlords and overseas property investors<\/a>. Who will likely profit from the increased Rental yields and capital appreciation. Driven by demand for rental properties and the shortage of housing.<\/p>\n

A HSBC chart-book recently reported the UK Property Markets continued move towards a housing shortage,<\/p>\n

We simple don’t have have enough housing\u00a0in the UK<\/strong><\/span><\/p>\n

House prices continue to rise.\u00a0<\/span><\/strong><\/p>\n

According to the Office for National Statistics, London is leading the way with the average house price being\u00a0over \u00a3500,000 and continues to lead the charts in house price growth.<\/span><\/p>\n

Rents in\u00a0London particularity continue to remain high<\/span><\/p>\n

\n

Read More – Property is a better bet than a pension – Bank of England Economist\u00a0<\/a><\/p>\n

Source HSBC, Financial Times, Business Insider UK, ONS, RICS<\/p>\n","protected":false},"excerpt":{"rendered":"

According to the Office for National Statistics average house worth more than\u00a0\u00a3500,000 ($664,107), but with many\u00a0salaries are not rising fast enough to keep up with property price inflation. With\u00a0the average Londoner’s salary is only just above \u00a330,000. The bad news – Generation Rent\u00a0to become the \u00a0“norm” for the majority of Brits Owning your own home… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[11],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts\/1021"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/comments?post=1021"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts\/1021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/media\/4707"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/media?parent=1021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/categories?post=1021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/tags?post=1021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}