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Where can you afford to live?

Where can you afford to live?

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.