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Home buyers in England and Wales pay 7.6 times earnings for a home

On average people paid around 7.6 times their annual earnings on buying a home in England and Wales in 2016, up from 3.6 times earnings in 1997, the latest data shows. The median price paid for residential property in England and Wales increased by 259% between 1997 and 2016 while median individual annual earnings increased […] The post Home buyers in England and Wales pay 7.6 times earnings for a home appeared first on PropertyWire . Continue reading

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Latest data shows rise in mortgage enquiries in UK at end of 2016

There was a significant rise in the average number of mortgage enquiries received by intermediaries in the UK in the final quarter of 2016, according to the latest data to be published. The average number of enquiries increased by 26% to 58 per intermediary in the final quarter of last year, up from 46 in […] The post Latest data shows rise in mortgage enquiries in UK at end of 2016 appeared first on PropertyWire . Continue reading

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Saving for a deposit continues to be biggest obstacle for UK first time buyers

Saving for a deposit is still the biggest obstacle for first time buyers in the UK with 26% saying that they will need to borrow from their parents to do so, new research has found. Some 46% of first time buyers believe that the issue of rising house prices should be addressed as it is […] The post Saving for a deposit continues to be biggest obstacle for UK first time buyers appeared first on PropertyWire . Continue reading

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