Anorak

Anorak | Property Ladder Missing First Rung: Low Housing Stock

Property Ladder Missing First Rung: Low Housing Stock

by | 11th, June 2007

WHAT with interest rate rises and inflated house prices, the lot of a first-time buyer is rarely a happy one. Now, to add to their problems, it seems that there aren’t a lot of properties out there anyway.

According to a report by Hometrack, one-bedroom dwellings, often a buyers’ first step on the property ladder, make up only 3 per cent (800,000 properties) of the housing stock in England and Wales. Houses with three or more bedrooms make up two-thirds of the current stock while last year, only 10 per cent of new build homes were one-bedroom.

Hometrack’s director of research , Richard

You have already read 1 premium article for free today
Access immediately the premium content with Multipass

Or come back tomorrow



Posted: 11th, June 2007 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink