UK housing costs rise 41% over five years for renters and owners, study shows
#UK housing #rent increase #homeownership costs #affordability crisis #financial pressure #housing study #cost of living
📌 Key Takeaways
- UK housing costs increased 41% over the past five years for both renters and homeowners.
- The rise affects all housing types, indicating a broad affordability crisis.
- The study highlights growing financial pressure on households across the UK.
- This trend may influence policy discussions on housing and living standards.
📖 Full Retelling
<p>Borrowers coming off fixed deals hit hard as Savills says big spike in interest payments made up half the overall rise </p><p>UK households spent a record £226bn to keep a roof over their heads last year, figures showed on Monday, with mortgage borrowers finishing fixed-rate deals particularly hard hit by rising payments.</p><p>Overall housing costs have gone up by £66bn over the past five years, a rise of 41%, the property group Savills said.</p> <a hre
🏷️ Themes
Housing Affordability, Economic Pressure
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Original Source
<p>Borrowers coming off fixed deals hit hard as Savills says big spike in interest payments made up half the overall rise </p><p>UK households spent a record £226bn to keep a roof over their heads last year, figures showed on Monday, with mortgage borrowers finishing fixed-rate deals particularly hard hit by rising payments.</p><p>Overall housing costs have gone up by £66bn over the past five years, a rise of 41%, the property group Savills said.</p> <a hre
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