(MENAFN) Values of house prices have risen more than double in the United Kingdom in the last three months, according to Bloomberg.
Peter Saunders, a hotel manager who wanted to buy a house in Prime Minister David Cameron"s constituency town of Witney, said he needed money from an inheritance to be able to afford the USD325,000 home in Oxfordshire.
First-home purchasers in the U.K. are borrowing 3.4 times their annual income on average, matching a record set in August 2007.
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