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  • Rightmove: Top-end sellers may need to alter price expectations

    From estateagenttoday.co.uk

    Some sellers remain optimistic about their price expectations as sales at the top end of the market begin to lag, Rightmove has warned. It comes as the latest Rightmove House Price Index showed the average price of all types of property coming to the market has risen by 0.8% since February to £365,357. This is below the average monthly rise of 1% seen in March over the past 20 years, which the portal said reflects a higher degree of pricing caution by many new sellers. However, the exception to this caution is a 1.2% monthly price jump in the larger home top-of-the-ladder sector. This is in contrast to more modest ... (full story)

This from:
https://www.thetimes.co.uk/money-men...to-rent-or-buy?

"However, mortgage rates could still be lower than the cost of monthly rent.
Yet affordability is still a big problem for many first-time buyers, with the average property costing 9.1 times the average person’s salary. In 1997 properties cost just 3.5 times average earnings.
That can make it even harder for tenants to save enough for a house deposit when the payments to their landlord are so high, leaving them stuck in rental properties until they can set enough money aside."

That's why young people are finding it tougher to get on the UK housing ladder.
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