The September data from the Land Registry's House Price Index has revealed that Property prices in the UK are continuing to rise steadily, which could mean that becoming a homeowner is out of reach for some Britons.
Indeed, the average property price in September increased by 0.9 per cent, in contrast with the 0.5 per cent rise seen in August.
This means the average house price in England and Wales now stands at £158,377.
Meanwhile, in London, property values have risen the most, increasing by 1.3 per cent between August and September.
The average property price in the capital now stands at £314,954.
Such a figure could prompt Britons to consider flats to rent in Blackheath or another part of London as this could be a significantly cheaper option to buying.
Research by Lloyds TSB recently revealed that 23 per cent of parents plan to use their savings to help their children buy their first home.
0 comments:
Post a Comment