Latest data from the ONS indicates London house price growth is the highest for March for the first time this year.
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Category Archives: House Prices
The average price for a London home has broken through the £600,000 and has almost doubled in price since 2009.
UK house price growth was only 0.2% during the month of April with lower annual returns suggest a slowdown in the property market.
By 2020 first time buyers in London will need a salary of £102,000 and a deposit of £138,000, says charity Shelter.
George Osborne has warned mortgage rates would increase if the UK leaves the European Union increasing the cost to homeowners.
The ONS have updated their index weighting reducing the average property price in London by £27,000 in February.
Latest analysis from Lloyds Bank shows affordability in UK cities is the worst since 2008 and now require 6.6 times annual earnings.
New data from the ONS shows the south East and London with double digit rise in house prices compared to the north widening the gap.
Data from the Halifax shows house prices in the UK have decreased by 1.4% for the month to February although over the years prices remain 9.7% higher.
House prices are higher by 6.7% over the year and out of reach for many as London and the East are leading the regions.