Reports are showing that many people are now unable to afford to buy their own homes. Many public sector works such as Teachers, Nurses, Firefighters and Police are affected.
The main areas suffering from higher prices are London and the South East England but the property prices are rising beyond the capacity of wage payments. This results in fewer and fewer people being able to afford initial payments and to maintain them.
The rises in prices will simply mean that fewer and fewer people will be able to support their own homes, possibly resulting in more repossessions. Also those people purchasing properties with the intention of letting them may have to put rent up to cope with the increasing costs.
If you are struggling with debts which may be getting on top of you and putting your home at risk then now is the time to call us.
Call on: 0800 071 1616
Website: www.debtsgone.co.uk
Email: info@debtsgone.co.uk
Friday, 13 April 2007
Posted by Debtsgone LTD at Friday, April 13, 2007
Labels: Property Prices
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