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Story summary
- UK households spent a record £226 billion on housing in 2025, with mortgage payments rising 9% to £53.6 billion.
- The average two-year fixed-rate mortgage surpassed 5%, affecting 8.8 million mortgage holders who pay an average of £13,000 annually.
- Rental costs rose more slowly, totaling £112 billion.
- New seller asking prices increased by £3,023 in March, indicating a steady market with homes for sale at an 11-year high.
