| Comment | Yes - I’m not certain it will this year. But those will come. I mean if you’ve got a fixed rate - when that runs out and we are looking at interest rates rising - that’s going to hurt people. Less expendable income leads to slowing the growth of the economy - which isn’t good from what I read.
Property prices across UK have shot up and no doubt we have a lower baseline. But we also have lower wages in many sectors that compare with that.
Yes, I wrote off buying in Glasgow due to housing costs. Rent was high enough 10+ years ago when I last lived there.
As the previous poster said - we could go the way of the Irish with all new property being gobbled up by foreign investor then extortionate rents.
Wasn’t a bill around foreign money & entities running companies and owning property in the pipework a while back due to some concerns around where foreign money invested in London was coming from? |
|---|