The proportion of homeowners’ income being swallowed up
by mortgage payments is now one of the smallest since the mid-1990s, according
to the Halifax. It said typical mortgage payments accounted for less than a
third (29%) of homeowners’ disposable income in the last three months of 2017 –
down from almost half (47%) during the same period in 2007. This figure is also
“comfortably below” the long-term average of 35% for the period between 1983 and
2017. The bank said that in the second quarter of 2013 the figure went down to
26.3%, and ended that year close to 28%. Prior to that, you have to go back to
the spring of 1996 for the lowest figure on record: 23.6%. Read more on the
Guardian website.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
-
Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
Eight out of 10 properties in Londo...
10 hours ago
No comments:
Post a Comment