House-buying takes off.
Series: Guardian ; 19 June 1999, 22 & 3:14(2)Publication details: 1999Subject(s): Summary: The Council of Mortgage Lenders predicts that renewed optimism about the economy and the lowest borrowing rates for 30 years will give 1999 the highest number of house purchases since the 1980s property boom. In 1Q 1999 238,000 people took out a mortgage, up 12,000 on the same time last year. Figures from FPD Savills also show that homes are more affordable, despite some steep price rises. Due to rising salaries and falling interest rates, homebuyers are only spending 16% of their disposable income on property on average. The long term average is 25%, and it was 40% during the 1980s boom. Charts.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3524-41 (Browse shelf(Opens below)) | 1 | Available | 101991-1001 |
The Council of Mortgage Lenders predicts that renewed optimism about the economy and the lowest borrowing rates for 30 years will give 1999 the highest number of house purchases since the 1980s property boom. In 1Q 1999 238,000 people took out a mortgage, up 12,000 on the same time last year. Figures from FPD Savills also show that homes are more affordable, despite some steep price rises. Due to rising salaries and falling interest rates, homebuyers are only spending 16% of their disposable income on property on average. The long term average is 25%, and it was 40% during the 1980s boom. Charts.