According to the report, affordability is currently stretched, with mortgage costs currently accounting for 36 per cent of average earnings.
The supply of affordable housing is also at a low level, the study claims, with 35,000 homes available in 2005-06 – half the level experienced in the mid-90s. This is well below the minimum of 48,000 […]

A sharp rise in interest rates could trigger a slump in house prices, which are overvalued by “any conventional measure”, the International Monetary Fund warned yesterday. The world’s chief financial watchdog warned that soaring prices posed one of the biggest risks to the UK economy.
“House prices in Spain, Ireland and the United Kingdom still look […]

House prices across the atlantic continue to tumble across the board, with the National Association of Realtors, reporting a price fall of 1.7 per cent last month to $225,000 (£118,000), while sales of existing homes drop 0.5% to an annual rate of 6.3 million. At the same time, ever more owners are being forced to […]