House price inflation, personal debt soar in July

The average house price jumped to £154,299 from £151,524 in June, driven by continued price rises in the regions and a stronger labour market in and around London, sending prices up moderately in the Capital. Fewer than 40% of first time buyers are now in the 18-30 age bracket, against some 60% just 10 years ago. The number entering the market each month is 40% down on two years ago, hindered, no doubt, by the fact a quarter of such first time buyers are putting down a deposit averaging £30,000. News of the price increases comes as the Bank of England confirms lending to individuals i...