Weekly pension income has only increased by 1% p.a. in real terms over the last decade, while house prices have jumped by two-thirds.
Weekly pension income has only increased by 1% p.a. in real terms over the last decade, while house prices have jumped by two-thirds.
UK house prices showed little movement in May, dipping by -0.1% on a monthly basis.
Annual house price growth has rebounded in May to 1.3% - up from 0.6% in April
House prices climbed by 0.7% between February and March.
However, the market remains price-sensitive with average asking prices just 0.6% higher than a year ago.
Annual house price growth increased to 1.1% last month.
The annual rate of change has slowed to 0.6%, from 1.6% in March.
Affordability constraints and a resilient first-time buyer market are supporting demand for smaller homes.
64% of all homes are in local markets with annual price falls, down from 82% last October, with a clear north-south divide emerging.
The number of new sellers coming to the market is up by 12% compared to this time a year ago, while the number of sales being agreed is up by 13%.
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