The Official DOOM: House prices

[saptastic]

You do wonder even with good incomes how young people can afford houses £750k+ in London
I suppose £150k joint income = £600k or more mortgage.

[Andy2]

I watch Escape to the Country on BBC and am always amazed at some 20 something couple looking to buy their first home together, with a £900K to £1.2m budget. They usually work in Finance mind.

No shortage of very well off people in the UK.

most of the time its not the first home and they have equity from their first home.
Property prices are going mad.
I am looking to buy in west London and the house price for a 3-4 BHK semi have increased by 60-70k in the last 6 months.

[_V_]

BOMAD innit, in most cases?

£1m first home at age of 25, that quite some bank of mum and dad. I think mine gave me a toaster when I moved in

[AtW]

Pre-nups aren't recognised in the UK, AFAIK (unless anything has changed recently). The judge will just ignore them.

Yes, they are recognised and courts should take them into account - thanks to "wise" Supreme Court ruling. Pity they did not say "must"

[OwlHoot]

Shocking really - they can afford such a big house, but skimp on pre-nups. ...

Pre-nups aren't recognised in the UK, AFAIK (unless anything has changed recently). The judge will just ignore them.

[OwlHoot]

I watch Escape to the Country on BBC and am always amazed at some 20 something couple looking to buy their first home together, with a £900K to £1.2m budget. They usually work in Finance mind.

No shortage of very well off people in the UK.

BOMAD innit, in most cases?

[GigiBronz]

Or peterborough or basildon…

[_V_]

Shocking really - they can afford such a big house, but skimp on pre-nups.

20 years latter a bitter broken 40 year old man will be renting out a flat over kebab shop in Swindon because all the other money will be paid to ex in order to satisfy court ruling that "she is entitled to enjoy the lifestyle she got accustomed to"

That's a sad story bro, brought a tear to my eye.

Imagine living in Swindon

[AtW]

I watch Escape to the Country on BBC and am always amazed at some 20 something couple looking to buy their first home together, with a £900K to £1.2m budget. They usually work in Finance mind. No shortage of very well off people in the UK.

Shocking really - they can afford such a big house, but skimp on pre-nups.

20 years latter a bitter broken 40 year old man will be renting out a flat over kebab shop in Swindon because all the other money will be paid to ex in order to satisfy court ruling that "she is entitled to enjoy the lifestyle she got accustomed to"

[_V_]

I watch Escape to the Country on BBC and am always amazed at some 20 something couple looking to buy their first home together, with a £900K to £1.2m budget. They usually work in Finance mind.

No shortage of very well off people in the UK.

[mallisarealperson]

“House prices set to keep rising as home working continues

Property market boom points to long-term shift from cities as home workers buy bigger houses in cheaper areas, says Bank of England deputy

House prices could stay permanently high and even keep on rising after the stamp duty holiday ends as Covid has completely shaken up the property market, according to a top policymaker.

A long-term shift towards more home working could boost demand for property for the long-term, said Sir Jon Cunliffe, the Bank of England’s deputy governor.

House prices have boomed in most regions since the pandemic struck, jumping 10pc in the 12 months to March on official figures.”

https://www.telegraph.co.uk/business...ing-continues/

Are we going to see an episode of Location, Location, Location with jenny a toilet cleaner and Bob a part time labourer who have a budget of £2million pounds to buy a 1 bed flat in Warrington

[AtW]

“House prices set to keep rising as home working continues

Property market boom points to long-term shift from cities as home workers buy bigger houses in cheaper areas, says Bank of England deputy

House prices could stay permanently high and even keep on rising after the stamp duty holiday ends as Covid has completely shaken up the property market, according to a top policymaker.

A long-term shift towards more home working could boost demand for property for the long-term, said Sir Jon Cunliffe, the Bank of England’s deputy governor.

House prices have boomed in most regions since the pandemic struck, jumping 10pc in the 12 months to March on official figures.”

https://www.telegraph.co.uk/business...ing-continues/