27% of house purchases in 2012 over £250,000
22 March, 2013
New research out this week indicates that properties purchased which were valued at above £250,000, made up 27% of total transactions in 2012.
Whilst the number of all home loans grew by 6%, mortgage applications for properties sold above £250,000 rose by 9% in 2012 compared to the previous year and up 28% since 2009 as lenders are offering increasingly competitive terms on deposits and interest rates.
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