Somebody I know is trying to sell their 3 bed semi in Epsom. Not one viewing in several months.
It's on for £600k - which I would think would be around 10 times a couple's joint salary for a very ordinary fairly small semi.
Plenty of For Sale signs around the Epsom area. All asking stupid high prices though, so I'm not surprised things aren't selling.
Saying that, I rent a 1 bed flat for £900 a month, and recently realised that even at current prices it would be significantly cheaper for me to buy. With just a 10% deposit, which I have sitting in the bank doing nothing, I could get a 5 year fixed rate which would be significantly less than my monthly rent. So I guess that's why house prices are as high as they are.
Still, when everyone thinks you should buy is exactly the time you shouldn't, so I'll keep sitting it out