Housing market questions

[BrilloPad]

What is the uk housing market worth notionally in sterling?

What proportion is owned and what is let? How much mortgague debt is secured on each sector?

Of the let sector, how much is owned by individuals and how much by companies?

Will answers to these questions tell us which way the market is heading - or is it just the proportion of first-time buyers that counts?

[HRH]

What is the uk housing market worth notionally in sterling?

What proportion is owned and what is let? How much mortgague debt is secured on each sector?

Of the let sector, how much is owned by individuals and how much by companies?

Will answers to these questions tell us which way the market is heading - or is it just the proportion of first-time buyers that counts?

The storm is coming, batton down the hatches, the next 3 years are going to be tough on all fronts. If you thought the late 80's/early 90's were bad you aint seen nothing.

[DimPrawn]

What is the uk housing market worth notionally in sterling?

£4 Trillion

What proportion is owned and what is let? How much mortgague debt is secured on each sector?

70% owned

Of the let sector, how much is owned by individuals and how much by companies?

Don't know

Will answers to these questions tell us which way the market is heading - or is it just the proportion of first-time buyers that counts?

HTH

[BrilloPad]

The storm is coming, batton down the hatches, the next 3 years are going to be tough on all fronts. If you thought the late 80's/early 90's were bad you aint seen nothing.

There is still a limited supply of housing due to land constraints/planning laws. The last thing people will give up is their home. This will provide a cushion of sorts.

Though it is clear the ratio of prices to earnings is far too high, if enough people use houses as a pension pot if will provide another cushion.

[BrilloPad]

HTH

http://www.politics.co.uk/press-releases/economy/economic-policy/budget/cml-media-note-in-advance-tomorrow%E2%80%99s-budget-$1211474.htm

UK mortgage market statistics:

· Number of UK households with a mortgage: 11.8 million

· Number of mortgages to first-time buyers in 2007: 357,500

· Average new first-time buyer mortgage (January 2008): £115,000

· Number of mortgages to movers in 2007: 658,300

· Average new home-mover mortgage (January 2008): £134,100

· Average new mortgage for house purchase (January 2008): £125,000

· Average outstanding mortgage: £100,458

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So looks like mortgage oustanding is about £1 trillion.

[Pickle2]

if enough people use houses as a pension pot if will provide another cushion.

They dont though. Most of the idiots put 10k down on a 2 bed flat to rent out and think "thats my pension sorted". As if a 10k provision will provide for retirement. NO investment is that good. Especially one that is just a pile of bricks and will be just a pile of the same bricks in 25 years time. It can only ever grow in value in line with the overall economy.

[BrilloPad]

http://www.ukpropertyshop.co.uk/news/624.shtml

The number of loans (including remortgages) to buy-to-let landlords in the second half of the year was 179,100, up from 171,800 in the first half of the year and 177,200 in the second half of 2006. The total number of outstanding buy-to-let mortgages has now passed the million mark, standing at 1,038,000 at the end of 2007 - nearly 23% up on the 846,900 a year earlier.

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So looks like BTL is still only 10% of total mortgages in the UK. But cvomprised 20% of the mortgage market in 2007.