Surely a frustration for house builders is how ill prepared buyers seem to be and new research released this week appears to back this up. Halifax has found that just 14 per cent of non-homeowners are saving for a deposit, while only a third of respondents have a realistic plan to purchase in the next five years.
Elsewhere, renters who want to take their first step onto the property ladder may have reason to hope, as one building society is offering to take their rental payment history as evidence that they can afford a mortgage. In other news, anyone wanting a home in one of Britain's idyllic national parks will have to fork out, on average, an extra £100,000 - that's a high price for beauty.
And finally, move over One Hyde Park! There's a new development looking to take over the crown of 'most elite London address' and that's The Glebe in Chelsea. Residents can expect their own private pool and lift and competition will surely be rife for the most exclusive homes, with one penthouse and two luxury villas available!
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Financial investment for real estate depends upon the population of particular sector of a place.
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