Property News · October 7, 2016

House prices reach 10 times earnings in a third of England and Wales


ONS analysis reveals extent to which growth in property prices has outstripped average salariesRising house prices drove the cost of buying a home in England and Wales to more than 10 times the average salary in over a third of local authority areas, official figures show.Analysis of median salaries and prices by the Office for National Statistics (ONS) underlines how the growth in house prices has outpaced the increase in earnings in recent years. Continue reading…

Source : theguardian.com
Read more…House prices reach 10 times earnings in a third of England and Wales