Property News
Boston’s Millennials to Inherit £279,612 Each From Their Baby Boomer Parents
- 4 Aug 2022
The total value of homes owned by Baby Boomers in Boston alone is £1,136,167,500 – and two-thirds of the Boston Millennials are set to inherit all that in the next few decades! Could this be the answer to the housing crisis?
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Boston Property Prices Have Risen by 407% Since 1995
- 22 Jul 2022
Tell me what is happening to the Boston property market”, asked the friend of a friend at a recent do I went to in Boston (after finding out I was an agent in Boston). I always reply, “It depends if you are buying, selling or both
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Boston Starter Homes are 35.4% Cheaper Today Than in 1989
- 9 Jul 2022
Even though the average value of a Boston first-time buyer property has risen by 292.3% since 1989 to £144,290, the monthly payments Boston first-time buyers must make on their mortgages as a proportion of their take-home pay is 35.4% less today compared to 1989.
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63% of Boston Properties Were Bought With a Mortgage in the Last Ten Years
- 2 Jul 2022
Could the high levels of mortgages that Boston people take out cause another property crash? Many Boston homeowners and landlords have been contacting me recently and asking what will happen to the Boston (and the UK) property market? More specifically, will we have a repeat of the 2008/9 Credit Crunch property crash?
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26.6% of Boston Property Sellers Reduce Their Asking Prices as the Property Market Starts to Return to Equilibrium
- 28 Jun 2022
138 of the 519 properties on the market in the Boston area have had a price reduction in the last 3 months. The average reduction has been 6.2% of the original asking price.
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The Shifting Boston Property Market
- 21 Jun 2022
The Boston property market is on the verge of a ‘tipping point’. The rate of house price growth has started to ease with a reduction in the number of properties that will sell in Boston in the coming 12 to 18 months. Yet, rising interest rates and the cost-of-living issues won't knock everybody out of the property market and there shouldn't be a housing bubble for two vital reasons.
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