{"id":35768,"date":"2016-11-25T07:01:47","date_gmt":"2016-11-25T00:01:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-tops-cost-of-housing-survey-at-14-times-average-earnings\/"},"modified":"2016-11-25T07:17:42","modified_gmt":"2016-11-25T00:17:42","slug":"london-tops-cost-of-housing-survey-at-14-times-average-earnings","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-tops-cost-of-housing-survey-at-14-times-average-earnings\/","title":{"rendered":"London tops cost-of-housing survey at 14 times average earnings"},"content":{"rendered":"


\nCambridge and Oxford follow the capital at over 13 times earnings while Glasgow and Liverpool have lowest income-to-price ratioThe average cost of a home in London is more than 14 times average earnings \u2013 the highest level on record, according to figures from property consultancy Hometrack. Oxford and Cambridge are not far behind, the company\u2019s latest index of city prices indicates, with house prices at 13.5 and 13.6 times local earnings respectively.A lack of homes for sale combined with demand fuelled by low mortgage rates has pushed up average prices in London by 86% since 2009, according to Hometrack, to an average of \u00a3482,000. The increase is far in excess of wage growth and means prices are 14.2 times the average London wage packet of \u00a333,720 a year \u2013 the highest multiple since 2002. Continue reading…
\n
\nSource : theguardian.com
\nRead more…London tops cost-of-housing survey at 14 times average earnings<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Cambridge and Oxford follow the capital at over 13 times earnings while Glasgow and Liverpool...<\/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-35768","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\/p75ss1-9iU","jetpack-related-posts":[{"id":92760,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-house-price-growth-at-nine-year-low-amid-edinburgh-and-manchester-spurt\/","url_meta":{"origin":35768,"position":0},"title":"London house price growth at nine-year low amid Edinburgh and Manchester spurt","date":"June 29, 2018","format":false,"excerpt":"\r Aberdeen and Cambridge were only two of 20 cities with price fall over past year \u2013 surveyHouse price growth in London has slowed to a nine-year low, while prices in Edinburgh and Manchester are rising faster than in any other major UK city, according to a survey.The latest UK\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64848,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/slowdown-in-london-house-price-growth-eases-bristol-posts-biggest-drop\/","url_meta":{"origin":35768,"position":1},"title":"Slowdown in London house price growth eases; Bristol posts biggest drop","date":"August 29, 2017","format":false,"excerpt":"\r The slowdown in the growth of London house prices appears to be abating, leaving Bristol as the UK city with the biggest drop in property prices expansion last month, according to new figures. Upward pressure on prices in the capital is returning following weak annual growth since the start\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64580,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/slowdown-in-london-house-price-growth-ebbs-as-bristol-sees-steep-fall\/","url_meta":{"origin":35768,"position":2},"title":"Slowdown in London house price growth ebbs as Bristol sees steep fall","date":"August 25, 2017","format":false,"excerpt":"\r Upward pressure on prices in capital is returning as Bristol becomes UK city with biggest drop in property price growthThe slowdown in the growth of London house prices appears to be abating, leaving Bristol as the UK city with the biggest drop in property prices expansion last month, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121375,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/winchester-is-least-affordable-uk-city-to-buy-a-home\/","url_meta":{"origin":35768,"position":3},"title":"Winchester is least affordable UK city to buy a home","date":"August 11, 2021","format":false,"excerpt":"\r Hampshire city overtakes Oxford, with properties costing 14 times average earnings, says HalifaxWinchester has become the least affordable city in the UK to buy a home, as property prices average 14 times people\u2019s earnings.The Hampshire city has overtaken Oxford, according to analysis by Halifax, the UK\u2019s biggest mortgage lender.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56278,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/northacre-bullish-on-high-end-property-in-london\/","url_meta":{"origin":35768,"position":4},"title":"Northacre bullish on high-end property in London","date":"May 29, 2017","format":false,"excerpt":"\r Amid political upheaval in the United Kingdom, the luxury property developer Northacre remains bullish on its outlook for the year as investors take a long-term approach to the high-end market in London. After a difficult 2016 dominated by the Brexit vote, triggering a dramatic drop in property prices and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56282,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/northacre-says-investors-are-in-for-the-long-haul-on-luxury-london-property\/","url_meta":{"origin":35768,"position":5},"title":"Northacre says investors are in for the long haul on luxury London property","date":"May 29, 2017","format":false,"excerpt":"\r Amid political upheaval in the United Kingdom, the luxury property developer Northacre remains bullish on its outlook for the year as investors take a long-term approach to the high-end market in London. After a difficult 2016 dominated by the Brexit vote, triggering a dramatic drop in property prices and\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\/35768"}],"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=35768"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/35768\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=35768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=35768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=35768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}