New data confirms that unaffordability is entrenched, with almost all housing now the preserve of the richThat buying a property – any property – in the UK is increasingly the preserve of the rich will come as no surprise to low-income households.But official data shows that the middle classes are increasingly squeezed, with only the cheapest 10% of houses now affordable (no more than five times a household’s income according to the Office for National Statistics) to middle-income England. Continue reading…
Source : theguardian.com
Read more…How UK house prices left the middle class behind
