{"id":148429,"date":"2024-12-09T22:14:02","date_gmt":"2024-12-09T15:14:02","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cost-of-buying-average-home-in-england-now-unaffordable-warns-ons\/"},"modified":"2024-12-09T22:18:53","modified_gmt":"2024-12-09T15:18:53","slug":"cost-of-buying-average-home-in-england-now-unaffordable-warns-ons","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cost-of-buying-average-home-in-england-now-unaffordable-warns-ons\/","title":{"rendered":"Cost of buying average home in England now unaffordable, warns ONS"},"content":{"rendered":"


\nOnly richest 10% can afford to buy as figures show average household needs 8.6 times disposable income to meet asking priceOnly the richest 10% of households can afford to buy an average-priced home in England, according to official figures laying bare the scale of Britain\u2019s broken housing market.Highlighting the result of decades of house price growth that has outstripped household incomes, the Office for National Statistics said the cost of buying a home was \u201cunaffordable\u201d in every part of the UK except Northern Ireland. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Cost of buying average home in England now unaffordable, warns ONS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Only richest 10% can afford to buy as figures show average household needs 8.6 times...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-148429","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-CC1","jetpack-related-posts":[{"id":124654,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-unaffordable-homes-building-injustice-into-the-economy-editorial\/","url_meta":{"origin":148429,"position":0},"title":"The Guardian view on unaffordable homes: building injustice into the economy | Editorial","date":"February 22, 2022","format":false,"excerpt":"\r Landlords ought to be tackled in any solution to Britain\u2019s housing crisisThe average wage of the top 1% in Britain rose to \u00a313,770 a month in December. Jeevun Sandher, an economist at King\u2019s College London, points out the very richest saw their incomes rise the fastest during the pandemic.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72985,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-becoming-unaffordable-for-100000-households-every-year-in-england\/","url_meta":{"origin":148429,"position":1},"title":"Property becoming unaffordable for 100,000 households every year in England","date":"November 27, 2017","format":false,"excerpt":"\r Almost 100,000 households in England are being priced out of the property market each year because of a shortage of affordable homes to rent or buy, according to a report by property agent Savills. The report, shared with The Guardian, found the number of households priced out of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72955,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-unaffordable-for-100000-households-a-year-in-england\/","url_meta":{"origin":148429,"position":2},"title":"Property unaffordable for 100,000 households a year in England","date":"November 27, 2017","format":false,"excerpt":"\r Report finds number of households priced out is up by 30,000 a year owing to shortage of affordable homes to rent or buyAlmost 100,000 households in England are being priced out of the property market each year because of a shortage of affordable homes to rent or buy, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28949,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/house-prices-reach-10-times-earnings-in-a-third-of-england-and-wales\/","url_meta":{"origin":148429,"position":3},"title":"House prices reach 10 times earnings in a third of England and Wales","date":"October 7, 2016","format":false,"excerpt":"\r 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86342,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/even-social-housing-is-unaffordable-now-in-some-parts-of-england-suzanne-fitzpatrick\/","url_meta":{"origin":148429,"position":4},"title":"Even social housing is unaffordable now in some parts of England | Suzanne Fitzpatrick","date":"April 24, 2018","format":false,"excerpt":"\r Councils are under pressure as homelessness grows and housing options dwindle, our report shows The government\u2019s squeeze on poorer households means that now, shockingly, even social housing is unaffordable for some households on benefits. Continue reading...\r \r Source : theguardian.com\r Read more...Even social housing is unaffordable now in some\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103224,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-housing-prices-seriously-unaffordable-survey\/","url_meta":{"origin":148429,"position":5},"title":"Singapore housing prices seriously unaffordable: survey","date":"January 23, 2019","format":false,"excerpt":"\r The survey results showed that the median house price is 4.6 times the median household income. House prices in Singapore are considered \u201cseriously unaffordable\u201d, with a median multiple of 4.6, which means that the median house price is 4.6 times the city-state\u2019s median household income, according to an annual\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/148429"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=148429"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/148429\/revisions"}],"predecessor-version":[{"id":148430,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/148429\/revisions\/148430"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=148429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=148429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=148429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}