Credit, Collections & Insolvency News
The average UK home now costs the equivalent of 7.3 times average earnings, down from 7.6 a year ago, according to new research from Lloyds. The ratio is now at its lowest level since 2015. Nationally, the average property price increased by +0.5% over the last year, to £299,131, while average earnings rose by +4.5%…
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Average mainstream house prices are expected to fall by 2% in 2026, as higher mortgage rates reduce demand, according to property firm Savills’ revised mainstream housing forecast. The report, however, states that there remains good capacity for house price growth in the medium term, as economic prospects are expected to improve and the market becomes…
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