Housing Crisis

Calamity in the housing market, as annual price growth slows to 8.4% according to the Halifax. Now running at only 28 times the current rate of inflation, aspirant homeowners’ prospects have been given a real shot in the arm… Based on a national average house price of £216,000, one year’s growth accounts for almost all of the median household income, leaving deposits an increasingly distant reality for most. Roll on Brexit for some.