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Word Smith's picture

Is talk of a housing bubble just a load of hot air?

Mon, 10/07/2013 - 08:16 -- Word Smith


For too long first time buyers have been frozen out of the housing market because there is a disjoint between the average price of a house and the amount of mortgage deposit required which effectively puts it beyond the reach of the first time buyer. In September, for example, the average cost of a house in the UK was £170,733, representing a 6.2% annual rise in prices, the biggest year on year since 2010.

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