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RICS housing accessibility and affordability update for Great Britain first time buyer woes deepen as prices and rates rise [electronic resource]

By: Language: English Series: RICS Accessibility and Affordability Indices ; Q2 2007Publication details: RICS London 2007Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Finds that accessibility and affordability have worsened as first-time buyer (FTB) house price growth continues to outpace lower quartile income growth. London is the least affordable region and has seen the biggest decline in affordability, with mortgage payments taking 8% of a lower quartile couple's combined take home pay. The North West and Yorkshire and Humberside are the most affordable regions. Scotland has seen the worst decline in accessibility as FTB prices crossed the Stamp Duty threshold.
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Item type Current library Call number Copy number Status Barcode
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 140131-1001

Finds that accessibility and affordability have worsened as first-time buyer (FTB) house price growth continues to outpace lower quartile income growth. London is the least affordable region and has seen the biggest decline in affordability, with mortgage payments taking 8% of a lower quartile couple's combined take home pay. The North West and Yorkshire and Humberside are the most affordable regions. Scotland has seen the worst decline in accessibility as FTB prices crossed the Stamp Duty threshold.

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