Third Of British Homeowners Priced Out Of Their Own Property

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.

https://www.independent.co.uk/money/spend-save/uk-homeowners-property-market-housing-affordable-buy-a8344326.html