London house prices unsustainable
London house prices unsustainable
- 2001
- Financial Times 19-20 May 2001, 3(1) .
Research by Cambridge Econometrics has shown that house prices in London and the south-east are not sustainable in the long term but homes in the north, Scotland and Wales are undervalued by historical standards. London's house price-to-income ratio is 4.8, suggesting that the average price would have to fall by £31,000 or average income increase by £8,000 to return to the historical average ratio.
HOUSE PRICE EARNINGS RATIO
HOUSE PRICES
HOUSING MARKET
Research by Cambridge Econometrics has shown that house prices in London and the south-east are not sustainable in the long term but homes in the north, Scotland and Wales are undervalued by historical standards. London's house price-to-income ratio is 4.8, suggesting that the average price would have to fall by £31,000 or average income increase by £8,000 to return to the historical average ratio.
HOUSE PRICE EARNINGS RATIO
HOUSE PRICES
HOUSING MARKET