House Prices
I’m not sure what it’s like in the rest of the world but in the UK where I live house prices are just stupid, see the graph below for how house prices have risen.
To be honest the hardest thing is for new buyers, with the average house prices around £130K but yet the average wage in the UK is around £14-15 how can anyone get a house, mortgage lender will only lend you from 3-4.25 your wage so if you’ve got a coupl with combined earnings of £30K then they may just beable to purchase, but at a struggle if your mortagage is £700-800 a month, then you’ve got bills then how can you survive?
Add your comments, is the house market struggling? are more people renting? are house prices set to fall?
It’s back to you!
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