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Property prices more affordable, says Halifax

Posted on 29 August 2011

Buying a home is now more affordable than at any time in the past 12 years, according to the Halifax Bank. That is, as long as a buyer is not looking for somewhere in London or other popular locations in the South East.
Home buyers spent 28% of their income on mortgage payments between April and June - down from 48% in 2007, the Halifax says. Scotland is most affordable area of the UK, with home owners spending 22% of their income on mortgage payments……………………………………….Full Article: Source

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