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  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
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UK house prices rise; Completions in 2013 lowest since 1920s

Last year the UK's Department for Communities and Local Government said construction was started on 122,590 new homes - - a 23% increase on the previous year - - and the number of completions, fell by 5% to 109,370, the lowest since the 1920s. According to the UK Housing Review, the average price paid for a property by a first-time buyer has risen by 220% in just 12 years, from £85,021 in 2001 to £189,668 last year. Despite efforts to boost access through Help to Buy, mortgages are still hard to access: 268,000 loans were approved in 2013; 568,000 in 2001.
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