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A total of 31% of private renters have used a form of credit to ensure they can afford their rent payments in the last 12 months, up from 28% in January 2024.
Savills had previously expected house prices to fall by 3% this year, but revised this to a 2.5% rise on the back of falls in the cost of mortgage debt.
Families are prepared to pay a premium to be king and queen of their own castle
Higher mortgage rates and cost-of-living pressures continue to weigh on the housing market, with property prices falling in April, according to the latest monthly data from Nationwide Building Society. The slowdown in the property market has gathered pace over the spring. Prices fell 0.4% in April, a larger drop
Surveyors are predicting property prices will bounce back over both the short and longer term, according to the latest monthly residential housing survey from the Royal Institute of Chartered Surveyors (Rics). The March survey shows sentiment is steadily improving, on the back of improved market conditions, with