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StainlessSteelCat

Newham

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Local rag has headline tucked away - Houseprices soar by 97%.

House prices in Newham have increased by 97% since 2000 compared with a decrease in salaries of 17%.

That's according to figures released this week by the London Housing Federation and Southern Housing Group.

The figures show the average house price in Newham is now 9.3 times the average salary; in 2000 the average home was 3.9 times the average income.

The average home in Newham now costs £191,125, compared to £96,985 in 2000, an increase of 97 per cent. Over the same period, salaries have decreased from £24,865 to £20,610.

The figures come from a new report, "In the middle of our street", which reveals the extent of London's housing crisis.

Who's pushing up the prices? My guess it isn't the locals - but scum like Property Mentor et al

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Local rag has headline tucked away - Houseprices soar by 97%.

House prices in Newham have increased by 97% since 2000 compared with a decrease in salaries of 17%.

That's according to figures released this week by the London Housing Federation and Southern Housing Group.

The figures show the average house price in Newham is now 9.3 times the average salary; in 2000 the average home was 3.9 times the average income.

The average home in Newham now costs £191,125, compared to £96,985 in 2000, an increase of 97 per cent. Over the same period, salaries have decreased from £24,865 to £20,610.

The figures come from a new report, "In the middle of our street", which reveals the extent of London's housing crisis.

Who's pushing up the prices? My guess it isn't the locals - but scum like Property Mentor et al

My guess is that it is a mixture of locals and outsiders, but they are all speculators.

frugalista

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There are an awful lot of cheap looking new builds going up in Stratford which people may live to regret buying one day but will no doubt sell because of the 2012 effect.

One good example is Barratt's development at Stratford Square (quite a scary 10 minute walk from Stratford station and next to a very busy traffic choked main road).

Two beds are now going there for £309,000+ even though the development looks pretty hideous (see photo below):

http://www.homesandproperty.co.uk/agent.as...5&photo=1#photo

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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