House prices dropping isn’t bad, but rising mortgage rates and rents are cancelling out the positives for now 🖋️ CallumCMason for ipaperviews
And all this while the value of young people’s hard-earned savings were being instantly made worthless by property cost growth that dwarfed them. It felt like a dip in prices would never really come.House prices fell 3.5 per cent in the year to June according to Nationwide data, and– some say by more than a third – in the coming months and years.
Mortgage costs increasing are difficult for everyone of course, but it’s potentially hardest for first-time buyers and those who have recently bought homes. Those who have owned their homes for years are more likely to have built up equity and be borrowing less. So whilst the hikes to mortgages will hit them, they be dwarfed by those starting their journey from the bottom rung of the ladder.A report earlier this week from property website SpareRoom found that the average cost of renting a room in the UK has risen to more than £700 for the first time, with some cities seeing year-on-year rises of more than 20 per cent.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Conservative and Labour claims on house building fact checked - Full FactAt PMQs today, Oliver Dowden referred to the government’s “record housebuilding”. He said something similar last week, and we fact checked that and other apparently contradictory claims from Labour here: (1/2)
Lire la suite »
Woman seriously injured in dog attack at house in WorcesterThe 68-year-old is one of three people hurt in the attack at a house in Worcester.
Lire la suite »
Family forced out by damaged pipe moved 17 times in house searchJoan Etchells says she and her grandchildren had found living out of suitcases 'a nightmare'.
Lire la suite »
Now might be the right time to buy a house – even if mortgage rates are risingIs it a good time to buy a house? With prices falling and mortgage costs rising the obvious answer would seem to be no. But the simplest financial questions are usually the most difficult – and complicated – to answer. So here goes 🖊️ HamishMcRae5
Lire la suite »
Driver fleeing Secret Service runs over man and injures girl near White HouseA driver fleeing uniformed Secret Service officer allegedly struck several pedestrians and killed an elderly man near the White House.
Lire la suite »
Forest Park House paints an idyllic picture of city livingForest Park House by Javier Robles is a reimagined townhouse in Queens, New York
Lire la suite »