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Evening Standard

Business

Rhiannon Curry

Halifax: Housing affordability ‘extremely stretched’ as prices keep climbing

House price adverts in an estate agent window
(Picture: PA)

Affordability of housing in the UK is “extremely stretched”, experts have warned, as the cost of living squeeze threatens to push homeownership further out of reach.

Monthly house price growth across the UK was 1.4%, according to the latest Halifax House Price Index, the biggest increase for six months.

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