London May

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house prices rose by 1. 4% in the course of the years 2019, according to the country, the values of a relatively static year for real estate.

The increase in the year to the end of December for the First Time , the annual increase in prices was about 1% for the whole year.

Slowly rise in price would be welcomed by many for the First Time buyer.

the images show the structure of the society that the raising a Deposit remains a significant hurdle.

a Deposit of 20% would be said to the entire before-tax annual income from a typical wage earners nationwide.

The Building of the society, the records, said the figures from its own mortgage data that house prices rose by 0. 1% in December compared with the previous month. This meant that the average house was valued at £215,282.

Robert Gardner , nationwide chief economist, said that the housing was already on the market, the activity slowly, but relatively stable in the course of the year.

Strong employment and historically low mortgage of the claim, despite the uncertainty in the economy due to the global picture and the discussion of Leakage.

houses for First Time buyers

the commentators are the result of the election, some short-term clarity about the Brexit process, and some should be interpreted more demand for housing.

"These are early days for a bruised and fragile market, but also with a lot of pent-up demand and supply, price-could growth to accelerate quickly past the year 2019 modest annual pace," said Jonathan Hopper, Managing Director of Garrington property Finder.

"these are The First few months of the year is 2020, in the United States, in order to determine what the new norm looks like in different parts of the UK. "

Jonathan Samuels , CEO of the lender, octane Capital, said: "London was the weakest performing region in the year 2019, but that could change this year. The capital is certainly not obscene growth rates it once, but you can drag the bottom of the table.

"The property on the market until 2020, on a positive note, but all eyes will be on you, such as the economy, so that we leave the EU. "

Save up for a down payment

the potential First Time buyers will not want the prices of the missiles, save, in view of the difficulties already for a Deposit.

The Nationwide suggests that someone is trying to put money aside to buy a down payment of 20%, a typical First Time buyer property years, faces of austerity.

If you have 15% of your income every month, it would be More Than five years to have The Money for a house in the North of England and Scotland.

In Wales and Northern Ireland , the would take it, interested in almost seven years, nearly eight years for people in the West Midlands .

the share rises to almost ten years in The South of England, and over 15 years in London, The Building society said.

As a result, the pressure of an ever-larger share of first-time buyers access to financial help from family and Friends have now.

uk economy, personal finance, housing market, money

Source of news: bbc.com