UK house prices still unaffordable for many people, says Nationwide
by Richard Partington Economics correspondent from on (#6NX8E)
High mortgage interest rates and soaring bills hitting affordability despite wages rising above inflation
House prices in the UK remain unaffordable for many households despite wages rising above inflation for the typical earner, Nationwide has said.
Britain's largest building society said prices had risen slightly in June amid the impact of higher mortgage costs, with a 0.2% month-on-month increase.
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