By Jonathan Cable
LONDON (Reuters) -British first-time home buyers will see affordability improve as prices rise slower than previously thought over the next few years – particularly in London – as uncertainty over government policy counteracts lower borrowing costs, according to a Reuters poll of property analysts.
An overwhelming 92% of respondents to an extra question in a September 3-15 poll said purchasing affordability would increase for those wanting to get on the property ladder.
“Strong wage growth is helping to narrow the affordability gap, while improvements across the mortgage landscape are sparking greater buyer interest and encouraging many who had been sitting on the fence to finally make their move into homeownership,” said Marc Von Grundherr at estate agency Benham and