The average UK house price is eight times the average wage with the majority of least affordable areas in London, new research has found. Indeed, in London the average price of a home is 14 times the average wage, according to research from eMoov with data compiled from all London boroughs and each area across […] The post Average property in UK is eight times the average wage, new research shows appeared first on PropertyWire . Continue reading
affordability
UK sees first time buyer mortgages rise as buy to let slows
Home owners in the UK borrowed £12.2 billion for house purchases in August, up 14% month on month and 11% year on year, according to the latest data. They took out 66,000 loans, up 13% on July and 9% on August 2015, the figures from the Council of Mortgage Lenders (CML) show as house purchase […] The post UK sees first time buyer mortgages rise as buy to let slows appeared first on PropertyWire . Continue reading →
Average property in UK is eight times the average wage, new research shows
Property prices in UK up 0.1% in September, latest index shows
Residential property prices in the UK increased by 0.1% in September, taking the average price of a home to £214,024, according to the latest index to be published. But there was a slight quarter on quarter fall of 0.1% although prices are still up 5.8% compared to a year ago, down from 6.9% in August, […] The post Property prices in UK up 0.1% in September, latest index shows appeared first on PropertyWire . Continue reading →