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Many 25-to-45 year olds 'permanent tenants' forecasts one economist

Many 25-to-45 year olds 'permanent tenants' forecasts one economist

"A large proportion of 25 to 45 year olds will be permanent tenants rather than buyers," a senior economist has predicted.

Tony Williams of the Building Value property consultancy - one of the participants in a regular survey on the housing market conducted by Reuters - has told the news agency that despite a slowdown in the rate of house price inflation, "the house price to earnings ratio remains around 5.5 times against a long term average of 4.25 times," meaning many of today's tenants will remain in the private rental sector.

Reuters says nearly all respondents said Brexit would hurt house prices as well as turnover; just over a third of the economists anticipate a price fall in the sales market in 2017.

 


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