Bigger-than-expected fall in house prices

The price of a typical home has fallen £14,600 in the year to August

Some economists believe it "marks the start of a significant further drop in house prices" - and while this could be good news for first-time buyers, the benefit may be wiped out by higher mortgage rates.

#morgages #hoseprices #inflation

[R_Alexander]

Younger people have higher chances of owning a house in Neptune than they do in their own country.

[delboyderek]

Bring back proper lending controls and get property back to a reasonable salary level.

[AASTOPAA]

Rents in UK are unnecessarily expensive

[leonharrison]

And renters? They never matter! Time for decent affordable state housing, not slums!!!

[MemeAthon.]

Cost of living made on purpose by the government 😅

[BarBar-zbfn]

Um 50 times my salary I must be the common folk, there talking about 😂

[swift_learn]

Probably, could, should, would have.

[markmanning]

Nonsense. Average salary in the UK is £33k. The vast majority buy a property as a couple so combined salary is £66k. Either way the multiple is closer to 4 times salary which is why prices aren’t crashing. Report properly next time.

[LaraCroft]

Not where ai live, things are going 20-60 k above reasonable asking