Homes in the majority of places in England and Wales are
now more affordable than they were in 1997 thanks to falling inflation, low
interest rates and rising wages. For the average householder their ability to
buy a home has improved over the last 18 years, according to research from
Hamptons International. The estate agent’s Ability to Buy index showed
affordability increasing from 133.2 points in 1997, the year in which the study
started, to 135.5 points in the first three months of 2015, meaning that more
people are finding it easier to purchase their first home or move up the
ladder, and have more money left over after their mortgage payments. Read more
on the Daily Telegraph website.
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