Saturday, September 26, 2009
We know it but do “they”?
"Friends who missed the opportunity to buy property when it was still affordable ended up buying rubbish flats in dodgy areas at unmentionable prices - if they could afford to buy at all." "It still costs too much! The average first-time buyer property has fallen slightly since the start of the year, by nearly Â£6,000 to Â£154,205. But with finance tight, that still leaves the average first-timer needing a Â£55,700 deposit to be eligible for the best mortgage deals. That is down from Â£66,900 in January, but still absolutely outrageous. When I bought my first flat in south-east London back in 1997, my deposit was just Â£10,000 on a property valued at Â£87,000." Lots of Comments that may be of interest.