New­boomwill ben­e­fit lucky few

Yorkshire Post - Property - - FRONT PAGE -

A RE­PORT re­leased by the Bank of Eng­land pre­dicts a prop­erty price boom fu­elled by an age­ing UK pop­u­la­tion and a rise in im­mi­gra­tion.

Sa­man­tha Baden, prop­erty an­a­lyst at Find­aprop­, says: “The pre­dicted prop­erty mar­ket boom will re­flect hotspots and coldspots. Ar­eas like Kens­ing­ton and Chelsea will un­doubt­edly pros­per but this level of growth is unique to these sought-af­ter lo­ca­tions.

“But the ben­e­fits of this boom, should it oc­cur, will not be shared by all. First-time buy­ers are still in an ex­tremely tough po­si­tion and the fore­cast price rally is likely to strengthen the bar­ri­ers to en­try for these al­ready strug­gling wannabe home­own­ers.”

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