One in five delay buying a house because of high prices - A&L

One in five people admit they are waiting for house prices to come down because they feel property is currently overpiced. But despite this nearly three quarters (71%) say prices have increased while they have waited. On average the amount a property rose while homebuyers pondered their decision is £33,689 over three years and ten months. Almost a fifth (19%) of them say the value of the property they had their eye on went up by over £50,000, says A&L. Homebuyers who waited over five years have lost out even more – as the average house price five years ago stood at £101,550 compared with ...