House prices 'overvalued', Britons agree - Telegraph
Average values have dropped by more than £35,000 from almost £200,000 at the beginning of the credit crisis almost four years ago, but prices remain too high, they say.
Home buyers blame a lack of affordable mortgages as figures show the percentage who think it has become more difficult to secure a deal has doubled in the past three months.
Banks have continued to tighten their lending criteria amid fears that high unemployment will lead to more home owners defaulting on their loans.
The latest price forecast index from property website Rightmove found 23 per cent of buyers are struggling to find a mortgage compared to 12 per cent during the previous quarter.
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