What will happen to your house in 1996?

Article Abstract:

The UK property market is extremely diverse, and it is therefore impossible to make a prediction for an overall trend in property prices in 1996. Prices fell by almost 2% in the mainstream market in 1995, and the number of house sales was down to 1.15 million. Experts believe that the general trend is one of stable prices and low volumes. The main sectors of the property market are former council houses, small terraces and starter homes; the mainstream market, characterised by three-bedroom semi-detached homes; and the quality market, made up of good homes in attractive locations.

Forecasts and trends, House buying, Home buying

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'We have had the chance to get to know each other as adults in a way I never knew my own parents.' (when grown-up children return to live with their parents)

Article Abstract:

Changes in rent levels and employment patterns have made it increasingly common for grown-up children to return to live with their parents. Many young adults cannot afford the high rents now being demanded, and many remain in education longer than in the past. Some families are converting parts of their home to accommodate grown-up children in partial independence, and many find that they establish a strong relationship between the generations. However, it is also important to ensure that the privacy of each side is respected.

Analysis, Parent and child, Parent-child relations

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'We might never buy a house.' (young professionals choose to rent rather than buy)

Article Abstract:

The private rented sector now accounts for more than 10% of the UK property market, and could reach as much as 20% in the next five decades. The expansion of the sector is mainly being fuelled by young working adults, who are choosing to rent rather than buy because they do not wish to become involved in problems cause by property price fluctuations. They also enjoy being more flexible to respond rapidly to changes in the employment market.

Statistics, Rental housing

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