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okaycuckoo

London Price/income

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Handy Alphaville charts on price-median household income ratio for London boroughs:

Kensington and Chelsea aside, back in 1997 you would have paid somewhere between 4 times median household income (Haringey) and 7 times (Westminster) for the median house in the pricier half of the city. As of the end of 2012 the Inner London valuation average was 10 times income, ranging up to 14 times for the likes of Hamersmith and Fulham, Richmond, and Camden. Westminster clocked in at 17 times, and Kensington 28.

http://ftalphaville.ft.com/2014/02/17/1774432/go-forth-and-multiply-london-edition/

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It's more bubbly than a box of aeros.

You might want to send the BoE a link to that information, they seem to be missing the bleeding obvious in their crusade against housing bubbles.

Edited by TheCountOfNowhere

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