Cost of run­ning house hits peak

Yorkshire Post - Property - - FRONT PAGE -

THE ex­pense of own­ing and run­ning a house has risen to its high­est level in four years, ac­cord­ing to new re­search by Hal­i­fax.

The typ­i­cal an­nual cost as­so­ci­ated with own­ing and run­ning a home in the UK stood at £9,393 in Jan­uary 2012, the high­est av­er­age an­nual to­tal since Jan­uary 2008 (£9,406).

The in­crease in hous­ing costs over the past year largely re­flects ris­ing util­ity bills.

Un­sur­pris­ingly, to­tal an­nual costs of own­ing and run­ning a home are high­est in London, at £11,843. North­ern Ire­land (£7,793) has the low­est costs.

Martin El­lis, hous­ing econ­o­mist at Hal­i­fax, says: “This has hap­pened de­spite the sub­stan­tial fall in mort­gage pay­ments.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.