In 2003 Average household income in England was = 34,197 Average house price = 115,181House price to income ratio = 3.36In 2008 Average income was about 38,302 (1) Average house price =197,000 (BBC)Therefore house price to income ratio about 5.1London average house prices 4.8 times income (2006), against 2.6 times in 1970. The South [...]
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[Source: Mortgage Blog]
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