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flag UK house prices become more affordable as wages grow faster than home costs, Halifax reports.

flag UK house prices have become slightly more affordable as wage growth outpaced house price increases. flag Halifax reports that average wages rose by 5% to £44,667, while house prices increased by 3.8% to £292,508. flag The house price to income ratio fell from 6.62 to 6.55, and mortgage costs as a percentage of income dropped from 33% to 29%, its lowest in over two years. flag Despite improvements, high prices and interest rates make homeownership challenging.

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