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Burden of Property Debt in Britain

27th July 2015 by Tamir Davies

Information released today from the Office of National Statistics has revealed that the property debt crisis in Great Britain is worsening, as is the financial debt situation in general. Using evidence from the Wealth and Assets survey, the self-reported burden of property debt was investigated, highlighting the financial crisis Brits currently face. Property debt is recorded as the total outstanding value of the mortgage on a household’s main residence and additional properties. Total household property debt was estimated to have increased from 980 billion in 2008-2010 to a hefty 1 trillion in 2010-2012. Financial debt sat at around 104 billion […]

Location, Location, Location: London Vs the Rest of the UK

8th July 2015 by Tamir Davies

Ever sat on the London Underground dreaming of rolling hills, baby lambs and country roads where the kids can ride their bikes? You’re probably not alone, but taking the plunge and upping sticks to the countryside may be an irrevocable decision! And with London house prices increasing rapidly, moving out of the capital means you probably won’t ever make it back. So, questioning whether to live in London vs the rest of the UK can be a tough decision to make. The price gap in London vs the rest of the UK The property price gap between London and the […]