{"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-hk\/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