Post Office Money comments on the August 2017 UK House Price Index (HPI) issued today

Owen Woodley, Managing Director, Post Office Money comments on the August 2017 UK House Price Index (HPI) issued today:

“A slowdown in average house price growth is likely to be welcomed by first-time buyers (FTBs) who continue to face an uphill battle to get their foot on the ladder. The statistics show house prices in the North West have increased by 6.5% over the last 12 months, as buyers choose to move to metropolitan cities such as Liverpool and Manchester. However, it’s good news for FTBs who want to move to these popular cities, as despite house price growth, 87% and 84% of properties in those areas remain affordable to FTBs¹.”

¹ Statistics taken from Post Office Money’s ‘a home of your own’ report, issued in August 2017. Opinium Research was briefed by Post Office Money to conduct a study into the affordability of properties for first-time buyers in the UK, with a particular focus on 14 of its largest cities

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