Sunday 2 September 2012

Nationwide: House prices post biggest rise since start of 2010 | This is Money

Nationwide: House prices post biggest rise since start of 2010 | This is Money

House prices jumped 1.3 per cent to post the biggest monthly increase in more than two-and-half years in August, according to the latest Nationwide report.
But Britain's biggest building society also highlighted how many first-time buyers continue to be prevented from getting onto the property ladder by big deposit demands.
The average new homeowners currently has to put down a 20 per cent deposit - double the level seen before the financial crisis hit.

Struggling: The property market has seen a slight upturn but first-time buyers find it hard to raise the big deposits they need.

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