The UK property market: a house of cards?WILKINS.KENNEDYpreferring to live a more flexiblelifestyle? Perhaps, but this isstill unlikely. According to thesurvey, just 30% of tenantsnever plan to buy at all.But, could that all be about tochange? The Royal InstitutionThe recently-published EnglishHousing Survey, whichoutlines property affordabilityfor purchase and rental, hasrevealed some interestingof Chartered Surveyors (RICS)published their own researchCHARTERED findingsACCOUN ANTSwhich revealed the market hasbeen flat lining for a while andnew instructions for June fell forAffordability was namedby 65% of people as onethe 16h month in a rowPolitical uncertainty alsoFirst time buyer ownership hasdecreased dramatically in the of the main barriers forpast 20 years and two thirds meownership. More than 1.5 appeared to play a role as RICSof them were earning aboveaverage wages in the two highest rent their own accommodation, for the pessimism - nearlyincome bands. This suggests but could not afford to do so. If double the number whojust a third of first time buyers you are a social tenant, then the blamed Brexit.are earning average wagesdespite access to better fundingthan 20 years ago so why are buyers sooner, according to the might affect you, your propertyBUSINESS ADIs 20 year andtwo thindse of the main barries formillion adults wanted to buy orresearch said 44% of surveyorsnamed this as the main reasonchances are even less. Privaterenters tend to become first time If you have any questionssurvey, which stated that socialhousing tenants are more likelyto have dependent children orrelating to how house pricesportfolio or plans for the futureof your property business,contact Wilkins Kennedy forCould it be that "generationrent" has no intention of owningtheir own homes,live on smaller incomes.more information.Wilkins Kennedy Chartered Accountants and Business Advisers,92 London Street, Reading, Berkshire, RG1 4SJ T: 0118 951 2131 E: Reading@wilkinskennedy.comGriffins Court, 24-32 London Road, Newbury, Berkshire RG14 1JX T: 01635 265 265E: Newbury@wilkinskennedy.com Website: www.wilkinskennedy.comemail: tim.collerton@wilkinskennedy.com

Date: 30 August 2017

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The UK property market: a house of cards? WILKINS .KENNEDY preferring to live a more flexible lifestyle? Perhaps, but this is still unlikely. According to the survey, just 30% of tenants never plan to buy at all. But, could that all be about to change? The Royal Institution The recently-published English Housing Survey, which outlines property affordability for purchase and rental, has revealed some interesting of Chartered Surveyors (RICS) published their own research CHARTERED findings ACCOUN ANTS which revealed the market has been flat lining for a while and new instructions for June fell for Affordability was named by 65% of people as one the 16h month in a row Political uncertainty also First time buyer ownership has decreased dramatically in the of the main barriers for past 20 years and two thirds meownership. More than 1.5 appeared to play a role as RICS of them were earning above average wages in the two highest rent their own accommodation, for the pessimism - nearly income bands. This suggests but could not afford to do so. If double the number who just a third of first time buyers you are a social tenant, then the blamed Brexit. are earning average wages despite access to better funding than 20 years ago so why are buyers sooner, according to the might affect you, your property BUSINESS ADIs 20 year andtwo thindse of the main barries for million adults wanted to buy or research said 44% of surveyors named this as the main reason chances are even less. Private renters tend to become first time If you have any questions survey, which stated that social housing tenants are more likely to have dependent children or relating to how house prices portfolio or plans for the future of your property business, contact Wilkins Kennedy for Could it be that "generation rent" has no intention of owning their own homes, live on smaller incomes. more information. Wilkins Kennedy Chartered Accountants and Business Advisers, 92 London Street, Reading, Berkshire, RG1 4SJ T: 0118 951 2131 E: Reading@wilkinskennedy.com Griffins Court, 24-32 London Road, Newbury, Berkshire RG14 1JX T: 01635 265 265 E: Newbury@wilkinskennedy.com Website: www.wilkinskennedy.com email: tim.collerton@wilkinskennedy.com

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