Friday, Jun 12, 2009
At last some sanity
Write About Property: UK House Prices Could Fall a Further 35% - Homes Still Not Affordable
The truth about just exactly how affordable UK house are, or are not as the case apparently is. Average house price 4.37 times average salary according to Halifax our survey says Uh Er, 6.22 according to this article. Based on solid facts, which means prices could yet fall a further 35% though the author doesn't believe they will.
Posted by problem pete @ 11:57 AM (328 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Scott said...
Broadly yes however 3.5 or 3.7 times is only the value of the mortgage so it does not take into account any pre-existing deposit which would also be factored into the calculation of average price.