Graph Of The Week
This week’s graph comes from our latest House Prices & Affordability Index.
It shows that the two-tier market continues - prices on the rise for home movers (values are up seven per cent year-on-year) but falling for first-time buyers (down 4.1 per cent on last year).
Why the difference?
Those at the upper end of the market have higher incomes and more equity, and they’re also chasing a relatively limited supply of sought-after family homes.
Those at the first rung have lower incomes, are more mortgage dependent and are finding it much harder to get into the market - hence the continuing decline in values.
Interestingly, both ends of the market have strengthened in recent months. Since June, first-time buyer prices have risen by £1,153 or 0.8 per cent.
Over the past six months, home mover prices have surged by 7.2 per cent and are up 1.6 per cent month-on-month.
In the market as a whole, houses prices have risen by £6,000 over the past six months.
You can read the full report here: House Prices & Affordability Index.


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My Places allows you to check how many miles a property listed on the site is from up to 5 places that are important to you, such as your place of work, or your child’s school.
All properties searched in the UK will then show the user how far they are from each of their places.





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