Property Market Insights: Budget and BoMaD
In this week's episode Daniel and I look at the budget, the bank of mum and dad, home ownership vs rental costs and the latest RICS Survey
The best way to watch the podcast is on youtube, but if you are using a player such as Spotify we include the key charts we refer to in the video below:
Bank of Mum and Dad
The Bank of Mum and Dad continues to be a big part of the UK housing market we show he value of BoMad below
We show the percentage of first time buyers helped by the Bank of Mum and Dad below
The average size of the Bank of Mum and Dad deposit
The graph below shows the average monthly costs of homeownership against the average rent for a three bed home.
The graph below shows the gap between the ownership costs and monthly rent. The gap has reduced significantly, although this will be of little solace to those who are paying rent and trying hard to save for a deposit.