Tuesday, November 17, 2009
You’ve missed your chance to buy
Housing affordability peaked in the second quarter of the year and is now deteriorating as property prices rise, according to Lombard Street Research (LSR). The consultancy's housing affordability index, produced in conjunction with The Daily Telegraph, shows that in the second quarter of the year house prices were at their most undervalued level since the mid-1990s. The finding underlines suspicions that the bargain-hunting period for UK homes is now over, with prices having bounced back much faster than expected.