french property dreams

Whatever your social event this week, sooner or later someone is about the real estate prices.

It seems a national obsession. If they rise, those who already have a house rub their hands in joy at the thought of all the money they have, while those who have not yet bought into despair.

And now real estate prices nationwide are leveling a bit, homeowners are a bit less smug ..., while the poor first time buyers just keep scanning the local newspapers and real estate portals, in the futile hope that one day a cheap relubrication bleeding property.

The reality is that even with prices slowing down, the property is incredibly expensive in the United Kingdom.

A new piece of research published in the last week of RICS, the Royal Institution of Chartered Surveyors shows that the affordability of real estate has evolved from an astonishing 351 percent in the last 12 years.

The reality is that affordability problems are at a historic high, the nation-wide property. A few who are on a low wage level - known as the bottom quartile, where the total household income is £ 26,595 after tax - currently spend an average of 40% of their household income, just to pay the mortgage.

This is just below the record of 47.8% in the first quarter of 1991, but still higher than for many families.

And the situation is even worse when you first time buyers. To access the ladder, lower quartile pair is to store up to 104% of their joint pay to take home.

To this number seems more real, that is, save nearly £ 28,000 for the up front costs of buying a house. This includes the deposit, fees and stamp duty.

Of course, this is a piece of national research and data ownership vary by country depending on local markets. But it's still scary reading, especially if you're looking for your first home, and only a few thousand pounds on its side.

Let's take a closer look at the figures for the national RICS property across the UK. Not surprisingly, London is still the toughest place for a couple with low income to buy a house. And if you bought your house, you have to be only slightly more than 50 percent of your monthly income to pay the mortgage, according to the figures.

The situation is not much better in the southeast and southwest, where the couples still save more than 100% of their joint pay to take home to the acquisition of real estate.

In the Northeast, the share of wages for the payment of the mortgage each month is reduced to 29%.

So, what impact will this have on nation-wide property repossessions? As you would expect, RICS expects they will continue to rise. He believes that in 2008, 123 homes per day by the lender.

It is a bit of relief on the horizon that could have a positive effect on the mortgage payments. It is likely that the Bank of England cuts interest rates later this week.

In fact, it is almost guaranteed. The Monetary Policy Committee believes that all economic factors, each month, to Thursday.

He has a cut in December. And a Reuters poll of 60 economists last week a further reduction is predicted to be "almost certain" this week. It is thought the cuts are necessary to an economic slowdown from turning into a recession.

Whether you try your first home or just pay the mortgage on the existing, which is certainly a relief.

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