Breaking News English

House prices in the U.K. are now so accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird that a accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird of British people believe they will never buy their own home. This is accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird to a new report published by the Halifax Bank. Home accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird was once an achievable goal for generations of Britons. However, rising prices now mean the accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird of getting on the property accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird are on the decline. The report says that one in five twentysomethings has no accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird to own their own home. Craig McKinlay, mortgages director at Halifax, said: "We may be heading towards the accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird where the aspiration to own a nice home will be replaced by the aspiration to accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird live in one." He added: "It seems that people are now beginning to accept a accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird of renting."

Britain's Office for National Statistics accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird this week stated that house prices have risen by 10.5% in the accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird year. It expressed concern at what it describes as " accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird train" house prices. The accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird U.K. house was valued at $425,000 in 2013. Things get accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird for house hunters wishing to buy in London. Prices in the accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird have risen by 18 per cent in a year to an average of $610,000. The Halifax report writes about accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird long-term social problems arising from, "the accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird between homeowners and non-homeowners". The report warned that if there are accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird first-time buyers, "the market will come to a accordingaveragebleakercapitaldesiredivisionearlierfewerhighladderlifetimeownershippastpointpossibleprospectsrunawaysimplystandstillthird". If this happens, prices will have to come down.