More than one in three UK homeowners wouldn’t be able to
afford their home if it were listed on the property market at today’s value.
The Halifax House Price Index has released figures showing prices in the last
three months were 2.2 per cent higher than in the same period last year, with
the average property now coming in at £220,962. The figures support separate
findings that suggest that a significant proportion of those who have owned
their own home even for a few years would already be priced out of the market
if they were to attempt the purchase again, despite historically low mortgage
interest rates. Read more on the Independent website.
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