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Moulton Estates - Estate Agents in St Albans, Hatfield, London Colney, Colney Heath, Park Street, and surrounding areas.

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+44 (0) 1727 846361
Moulton Estates - Estate Agents in St Albans, Hatfield, London Colney, Colney Heath, Park Street, and surrounding areas.

Premium Estate Agents in St Albans

  • Home
  • Services
    • Selling
      • Sellers Guide
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    • Mortgages
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+44 (0) 1727 846361
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High house prices will lead to a shift toward renting

By

Gregory Moulton

Posted in Buy to Let, Investing, Property News On April 30, 2018

High house prices and years without real-terms wages growth have prompted a growing number of young people to abandon the idea of ever owning their own property.

Earlier this week a report by the Resolution Foundation revealed that up to a third of ‘millennials’ face living in private rented accommodation all their lives, and now a separate study has found that people are currently more concerned about property prices and housing availability than at any point in the last five years.

Research undertaken by YouGov has found that 83% of people now consider existing house prices a ‘serious’ problem, up from 77% five years ago. This is despite the fact that asking prices are currently falling, according to Zoopla. 

The results of the YouGov study reveal a worsening picture for those wanting to get a foot on the property ladder.

Among aspiring first-time buyers, the proportion saying house prices (86%) and saving for a deposit (87%) is a serious problem is up over the past year.

Those looking to buy property in London are feeling the impact of the crisis harder than most, with 90% of Londoners surveyed saying house prices are a serious problem, up from 84% in 2014.

Meanwhile 77% of respondents say availability of housing is now a major concern, up from 69% in 2014, according to the survey, which was conducted on behalf of the HomeOwners Alliance and BLP Insurance.

The quality of homes was also identified as a growing issue, with 57% of adults saying it is a serious problem up from 52% in 2014.

Paula Higgins, chief executive, HomeOwners Alliance, said: “The housing sector in the UK is on its knees. There’s a shortage of building, a constant stream of stories surrounding poor quality and unfair deals for homeowners, a lack of social housing, rising homelessness and a leasehold system that is dangerously broken.”

The results of this survey paint a “bleak picture” for both the UK housing industry and potential home owners, according to Kim Vernau, chief executive, BLP Insurance.

She commented: “Concerns around quality of build reflect the serious deficiencies in quality within design and build procurement which are severely impacting confidence in the housing sector. To meet this challenge design codes and reviews should be implemented industry-wide.

“No single initiative will solve the current housing crisis. Steps need to be taken to stimulate SME housebuilders, embrace technologically innovative build methods and encourage new entrants into an industry suffering from a shortage of skilled workers. It is the responsibility of all stakeholders involved, from government to large developers to SME builders, to commit to meaningful change and push the industry forwards in delivering more, better quality and affordable housing options for those wanting to get on the housing ladder.”  

Article courtesy of Landlord Today | Sign up for Landlord Today newsletter | Get this news on YOUR site!

Fri, 20 Apr 2018 12:00:08 GMT

 Buy to Let, Investing, Property News

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Buying a property is usually a lengthy and stressful process, the team at Moulton try to do everything they can to minimise this. Very good at staying in touch with you and keeping you updated regarding progress. Read more Read lessAdam BellamyJune 14, 2021
Fantastic team, professional services always on the other side of the phone to help. Natalie, Gregory, Ben always went out of their way to provide excellent advice and customer satisfaction. Would definitely recommend this agency for all your house needs. Will use services again for sure Thanks again guys Read more Read lessMACHICAIRO MADEIRAOctober 14, 2019
Moulton Estates were extremely helpful during the sale of our apartment. Natalie was very proactive and enthusiastic and she supported us on each stage of the process. During the negotiation with the buyers or in case of any misunderstanding with the conveyancer, Natalie and Gregory provided us with all possible support. Overall, very professional, client-orientated and honest estate agency, which was an absolute pleasure to work with. I can’t recommend Moulton Estates highly enough! Read more Read lessYana LitvinovaNovember 26, 2018
These guys are amazing! We had such a difficult chain, and they went above and beyond to get us exchanged. Couldn't rate them enough. Very open communication, really managed the chain and always on the end of the phone, when needed. Would definitely use them again. Read more Read lesssabrina SabrinaJuly 12, 2020
I would like to say a massive thank-you to Natalie and Greg for the help and support I received with the purchase of my new home. I would definitely recommend this Estate agents ! Read more Read lessJenny CarneyJuly 23, 2021
Natalie was great. She kept us informed every step of the way and made our experience great! Would gladly recommend and use again. Read more Read lessDan WestFebruary 25, 2020
I can’t recommend Moulton Estates highly enough - their phenomenal service, friendly, clear and efficient communication and unparalleled local market knowledge meant they were the obvious choice when we sold our home last year. In fact, from start to finish the process was exemplary - and the honesty, care and attention to detail blew us away. These guys are LEAGUES ahead of any other estate agent I have worked with, spoken to or used before. Gregory and the team are truly experts in the St Albans and wider Hertfordshire housing market and it shows. If you are buying or selling then give them a call! Well done guys and thank you again - keep up the great work! Read more Read lessNick JohnsonOctober 14, 2019
Gregory was fantastic. Had the tenacity and killer instinct to make sure the sale went through, when just about everyone else was letting us down. Now happy in our new place! Read more Read lessDavid BaillieJanuary 21, 2021
Absolutely a breath of fresh air compared to other agents, thanks for all your hard work in selling my property so quickly Read more Read lessJamie JonesAugust 3, 2016
After some terrible experiences with 2 other agents (one who basically told me a 1 bedroom flat wasn't worth their while and another who failed to communicate effectively between me & my buyer and didn't listen to instructions) working with Moulton Estates was beyond all my expectations. Gregory and his team were supportive, organised and totally professional. They did everything when they said they would, were in regular contact with my solicitor and followed up with all parties at every stage. Such great service and just what I needed after a fraught year on the property market. I wish I had gone to them first! Read more Read lessRachel GlynnMarch 31, 2022

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