Further above inflation rises in fuel and council tax bills are expected to drive up further the costs of owning and running a home this year. Council tax and utility bills will overtake mortgage payments as the largest cost for homeowners this year.
More Quotes from Martin Ellis:
House prices fell slightly in January for the first time since May...Despite this fall, prices have increased by 1.6 over the past three months.Martin Ellis
We expect this trend to continue during 2006 as house prices rise at a slower pace than earnings, therefore making it a little easier for first-time buyers to enter the market.
Martin Ellis
The easing in economic growth over the past year, together with a ratio of house price to average earnings that remains historically high, is expected to curb housing demand, and therefore prevent a renewed surge in house prices.
Martin Ellis
The continuing high level of house prices in relation to earnings will curb the ability of many potential first-time buyers to enter the market.
Martin Ellis
These falls need to be viewed in the context of the substantial price rises recorded in these parts of the country during the last few years.
Martin Ellis
The rise in prices in the first three months of 2006 was...slower than the gains recorded in the two final quarters of 2005.
Martin Ellis
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