House prices still need to become more affordable for first-time buyers in order to prevent a property boom, according to one campaigner.
Katy John, spokesperson for PricedOut.org.uk, stated that measures should be taken after the general election by the new government to create a sustainable housing market.
She said: "The underlying causes of the house price boom of the last ten years need to be addressed."
Zoopla.co.uk revealed that the relation between the cost of a house and the purchaser's money is at its closest for seven years and the average earner can now afford 58 per cent of property in the UK.
The first decline in house prices since June 2009 was recorded by the Halifax this month, following seven monthly increases.
In consequence, the fall of 1.5 per cent now means that the average house price is £166,857.
People who are interested in moving house may wish to make the process easier and consider using self storage facilities.
Written by Emily Sanders
