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UK house prices and interest rates have now fallen so low that bargain-hunters could snap up a home and pay off the entire mortgage in just four years.
That’s according to www.Look4AProperty.com, one of the UK’s leading sites for house-hunters.
The website has bargains on offer including a two-bedroom semi-detached house for £25,000, and a three-bedroom terrace for £29,950.
Aaron Turner, founder of www.Look4AProperty.com says the findings are great news for first-time buyers, but bargain-hunters should get moving quickly before prices start rising again.
Mr Turner said: "With prices like these around, why rent?
"You could buy a £25,000 home in four years paying just £500 per month.
"Interest rates are still fixed at incredibly low rates, and with this asking price, you wouldn’t need a huge deposit.
"The drop in house prices across the UK has been disastrous for some – but for bargain-hunters there is now a great choice out there.
"But people who have been holding back on investing need to get moving quickly before prices start rocketing again."
For those with a lot more cash in their wallets, the top-end market is also going strong.
Anyone with a spare £17 million burning a hole in their bank account can check out the six-bedroom house in Kensington on the www.Look4AProperty.com site which boasts a 58ft swimming pool, roof terrace and Thames river views.