How expensive are homes near you? Official figures reveal properties now cost 7.8 times wages - and this map lets you check your area



Buying the average home in England and Wales would now cost a full-time worker 7.8 times their salary, official figures revealed today.
House prices rising faster than wages meant that ‘housing affordability significantly worsened’ in England last year, the Office for National Statistics said. 
The figures emerged in a report that laid bare the effect of two decades of house price inflation on workers' ability to buy a home. 
In 1997, the average home in England and Wales cost 3.55 times earnings - making it less than half as expensive as it is now.
An interactive map included in the ONS... read more

 
26 April 2018 in Business, Views: 68
Source: Daily Mail
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