Housing affordability stretched as property price inflation outstrips earnings

27th June 2022 Consumer Lending | #houses

The impact of surging property prices throughout the pandemic has reduced housing affordability to the lowest level on record, according to new research by Halifax. The analysis – based on data from the Halifax House Price Index – compared typical house prices to average earnings across the UK. In the first quarter of 2022, the…

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Rent rises will outgrow house prices over the next five years

10th June 2022 Consumer Lending | #houses

Over the next five years rents are expected to grow faster than house prices (5% for rents and 4% for prices) according to research from the Royal Institution of Chartered Surveyors (RICS). The research showed that demand from prospective house buyers fell in May 2022, a potential side effect of the rising cost of living…

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