Affordability Issues Trigger Sell Rent Back Boom
It
is perhaps not surprising more people are leaping off the housing
ladder as confidence becomes increasingly shaky. One chief UK
economist Howard Archer told The Independent that the latest data on
the property market was “undeniably alarming.” Mr Archer
added: “Clearly, the downward pressure on property prices coming
from stretched home buyer affordability and tight lending conditions
is now biting hard”. A sell
rent back scheme is increasingly attractive for many home owners
who have already been bitten by the crunch.
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