RICs report shows declining affordability levels

Sept. 6, 2007
A new report from the Royal Institute of Chartered Surveyors has highlighted deepening "first time buyer woes" as house prices and interest rate rises drive property ownership out of their reach. The report highlighted regional imbalances in affordability. London came out as the least accessible region in Great Britain, with mortgage payments taking up 8% more of a lower quartile …

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