Monday, Oct 08, 2007
Sod the BBC's "5 times income" propaganda
Ealing Times: Ealing: House prices high
HOUSE prices in Ealing are more than ten times the average income in the borough.
The average price of a home in Ealing stands at £314,934 - 13 times the £24,931 the average resident earns in a year.
Posted by disillusioned @ 11:23 AM (510 views) Add Comment
5 Comments
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1. paul said...
I live in Ealing. Ripe for a crash.
2. Disillusioned said...
Are there any signs yet?
3. Darren said...
I agree, but Ealing W5 prices have always been unafordable to most people, I know i rent near here, just about.
What I have noticed in the last 4 weeks, i have counted 27 new for sale boards spring up (across about 8-9 streets), I counted them while getting a breath of fresh air at lunchtime, about 4 of these have sold. But this definitely looks like panic selling by a few people who have judged the top of the market, a good sign.
This always was an overpriced area, so if they are selling here I am sure the same is happening elsewhere.
Trust me, if the "nice but dim" type are selling then something is up.
4. tyrellcorporation said...
Friends of mine flogged their 2 bed Ealing 2-up-2-down last year for £350k to some loony FTBs. I reckon they were lucky as that area seems decidedly frothy IMHO. London HAS to feel the pain soon.
5. Scott said...
I would like to make a speech to all those who live within the M25: -
"Take it from me you uneducated southerners, London is a gutter!"