RE: Apartment or house? 11-21-2020, 09:51 AM
#50
(11-21-2020, 08:56 AM)Boudica Wrote: I suppose one of the key problems is that there are too many who can't get a mortgage as our house prices are so steep few can actually be approved for the mortgage. The average is over 250,000 GBP. Our proportion of renters was only 10% in the 90s, but is now 25%. Although, renting standards have improved too.I totally agree.
In my country, house prices are ridiculously high and few people can afford to take out a mortgage. The majority are either renting, or opting for one or two bedroom apartments away from the city- where prices are a lot cheaper.
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