Tuesday, May 10, 2011

Boom of the bust….

Britain's housing market is an unexploded economic bomb

.... house prices remain unaffordable on historic measures. As Allister Heath in City AM points out, the average house now costs around 4.4 times the average income, still well above the "post-1983 average of 4.0 times". After the early 1990s crash, "prices fell to 3.1 times earnings".

Posted by rental john @ 04:48 PM (717 views)
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