House Prices Reach New Heights Amid Shifting Market Currents
UK house prices reached a record high of over £377,000 in April 2025, despite more homes for sale. Find out how this affects buyers and sellers.
#UKHousingMarket, #HousePrices, #PropertyNews, #April2025, #HomeBuying
UK house asking prices in April 2025 hit a record £377,000, a larger jump than usual for April.
#UKHousingMarket, #HousePrices, #PropertyNews, #April2025, #HomeBuying
https://newsletter.tf/uk-house-prices-record-april-2025/
The average UK household income is £36400. The average cost is £292,000
Banks usually lend up to 4/4.5x annual income.
Avg household needs a deposit of £146,400 assuming they'll be lent 4x.
Alternatively they can rent the average home for £1363 or ~45% of their annual salary.
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