Official figures have measured new record highs (I know, it is hard to believe we are hearing this again...) for average house prices in the UK, with growth of 6.1% over the past year. The Office for National Statistics (ONS) measured a jump of £1,000 in the typical cost of a property between August and September. It left the average price at a new peak of £286,000.
This may be "good news" for the property industry, but it's not so great for home buyers, especially first-time buyers who traditionally drive the market.