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maverick73

London property sellers chop prices as housing bubble deflates – area snapshots

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"Investors have dried up and the bulk of demand for London homes is now from owner-occupiers who can only afford” to pay 450 pounds per square foot"

1ft² = 0.09290304m²

The average house size in the U.K. is 96.8 sq meters and a value of £492,750. 

The current average house price in London is £680,607 pounds.

The average Londoner’s salary is 34,762 pounds.

Stamp Duty of £24,000 pounds.

A deposit of 20% is £132,000 pounds.

A mortgage of £550,000 is required 

A mortgage based on 3.5 times the average salary is £121,667 pounds.

A short fall of £428,333 pounds for a house... 

Bloomberg Article - Link

BizNews Article - Link

Have any parties contesting the 2017 election referred to making the current stock of homes more affordable to the people who live and work in this country? 

 

 

 

 

 

 

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"The average house size in the U.K. is 96.8 sq meters and a value of £492,750. "

I don't think that the average price is anything like this - it is more like £200,000.

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