29.08.2011 - Property prices more affordable, says Halifax
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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