House Prices In St Albans Are Up 13%
27 December 2012, 15:43
House prices in St Albans have gone up 13% in 2012 making the average house price just over £370,000.
Topping the list of rising house prices is Southend in Essex followed by Basingstoke and Rochester.
Roger Harding from the housing charity Shelter says this is having an impact on families in the City:
"Many people are suffering from this, there are people who are struggling day to day to keep up with mortgage payments because they're having to take on increasing amounts of debt to get a home of their own
“ Alongside this are people who just can't get on the ladder at all. Many people are finding themselves renting in the private rented sector on really short term leases that don't work for families particularly families putting their children into school.
“There’s also thousands of young people who are stuck living with their parents for far longer than they would like to and not really able to get on with life as they would have hoped to have done"