{"id":128543,"date":"2022-08-08T21:53:10","date_gmt":"2022-08-08T14:53:10","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/are-slowing-house-prices-good-news-for-britains-generation-rent-dont-hold-your-breath-laurie-macfarlane\/"},"modified":"2022-08-08T22:03:44","modified_gmt":"2022-08-08T15:03:44","slug":"are-slowing-house-prices-good-news-for-britains-generation-rent-dont-hold-your-breath-laurie-macfarlane","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/are-slowing-house-prices-good-news-for-britains-generation-rent-dont-hold-your-breath-laurie-macfarlane\/","title":{"rendered":"Are slowing house prices good news for Britain&#039;s generation rent? Don\u2019t hold your breath | Laurie Macfarlane"},"content":{"rendered":"<p>&#013;<br \/>\nIt\u2019s tempting to think buying a home will become easier, but economic turmoil will make would-be owners worse offAmid the gloomy economic data released last week, one statistic caught many analysts by surprise. Halifax, the country\u2019s largest mortgage lender, reported that UK house price growth has not only slowed down but turned negative. Just one month ago, the same bank had announced that prices had soared to a record high. Could this dramatic shift mark the beginning of the end for the great British housing boom?After years of watching homeownership slip further out of reach, it might be tempting for generation rent to greet the news of a house price slowdown with open arms. But it would be premature to reach for the champagne. Even if house prices continue to fall, any potential benefits will almost certainly be offset by other economic forces. There are also good reasons to treat this data with caution. The average price fell by just \u00a3365 in July \u2013 or 0.1% month on month \u2013 and still remains more than \u00a330,000 higher than the same time last year. The figure also only reflects data from one lender, and represents an average of prices across the UK.Laurie Macfarlane is an economist and writer. He is co-author of Rethinking the Economics of Land and Housing Continue reading&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : theguardian.com&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.theguardian.com\/commentisfree\/2022\/aug\/08\/house-prices-generation-rent-property\" target=\"_blank\" rel=\"noopener\">Are slowing house prices good news for Britain&#8217;s generation rent? Don\u2019t hold your breath | Laurie Macfarlane<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; It\u2019s tempting to think buying a home will become easier, but economic turmoil will make&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-128543","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-xrh","jetpack-related-posts":[{"id":120218,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-to-turn-the-uks-generation-rent-into-generation-buy-larry-elliott\/","url_meta":{"origin":128543,"position":0},"title":"How to turn the UK&#039;s &#039;generation rent&#039; into &#039;generation buy&#039; | Larry Elliott","date":"February 7, 2021","format":false,"excerpt":"\r A new paper says a \u2018blended mortgage\u2019 can work for first-time buyers unable to access help to buy or the bank of mum and dadProperty is Britain\u2019s obsession. As soon as the first lockdown ended there was a burst of activity in the housing market that only now seems\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103447,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-new-100-mortgage-wont-help-low-income-generation-rent-vicky-spratt\/","url_meta":{"origin":128543,"position":1},"title":"The new 100% mortgage won\u2019t help low-income Generation Rent | Vicky Spratt","date":"January 29, 2019","format":false,"excerpt":"\r By only lending to those whose families can cough up a lump sum, Lloyds Bank is reinforcing the ludicrous housing marketIf there\u2019s anything more British than talking about the weather, it\u2019s obsessing about house prices. This is a country where it\u2019s taboo to ask someone their salary but perfectly\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85116,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dont-tell-generation-rent-the-fall-in-house-prices-is-bad-news-larry-elliott\/","url_meta":{"origin":128543,"position":2},"title":"Don&#039;t tell generation rent the fall in house prices is bad news | Larry Elliott","date":"April 13, 2018","format":false,"excerpt":"\r Estate agents face a quiet house-buying season with demand and mortgage lending in declineApril traditionally marks the start of Britain\u2019s house-buying season. Once the daffodils come out, estate agents ready themselves for a rush of prospective buyers.Not this year, though. The body that represents estate agents, the Royal Institution\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97136,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-flat-prices-to-appreciate-but-not-as-fast-as-before-khaw\/","url_meta":{"origin":128543,"position":3},"title":"HDB flat prices to appreciate, but not as fast as before, Khaw","date":"September 3, 2018","format":false,"excerpt":"\r Minister for Transport Khaw Boon Wan debunked claims that Housing and Development Board (HDB) flats are not assets due to their 99-year lease tenure by saying that buyers of a 50-year-old HDB unit can still expect prices to increase over the next 10 years, reported The New Paper. \u201cIf\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14424,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/generation-rent-only-26-of-young-adults-will-be-on-housing-ladder-by-2025\/","url_meta":{"origin":128543,"position":4},"title":"Generation rent: only 26% of young adults will be on housing ladder by 2025","date":"November 17, 2015","format":false,"excerpt":"\r Sky-high prices and rising interest rates threaten to lock 20- to 39-year-olds out of property ownership, PwC saysAlmost 60% of 20- to 39-year-olds in England will rent their homes by 2025, while just 26% will have got on the housing ladder, research shows.\u201cGeneration rent\u201d will find it increasingly difficult\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4776,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/generation-rent-property-council-fires-up-at-auckland-councillors\/","url_meta":{"origin":128543,"position":5},"title":"&#039;Generation Rent&#039;: Property Council fires up at Auckland councillors","date":"February 15, 2016","format":false,"excerpt":"\r The Property Council has hit out at Auckland councillors who want to overturn plans to rezone thousands of properties for more intensive housing and apartments.Auckland Branch President Phil Eaton said soaring house prices are creating...\r \r Source : nzherald.co.nz\/Property\r Read more...'Generation Rent': Property Council fires up at Auckland councillors","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/128543"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=128543"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/128543\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=128543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=128543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=128543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}