Home truths [electronic resource] house prices to break £300k barrier by 2012
Home truths house prices to break £300k barrier by 2012 [electronic resource]
- 2007
- National Housing Federation Press Release 6 August 2007 .
Describes key details of the National Housing Federation's report on projected house price trends. Headline findings are that the average house price rise by 40% to £302 400 by 2012, with London averages surpassing £500 000. A housing crash is unlikely despite prices rising beyond the reach of most first-time buyers. The average house price is now 11 times the average salary. Housing supply is falling ever further behind demand. Over 1.6m households are on waiting lists for social homes. The Federation says that promised government investment in housing must be honoured.
United Kingdom--
Describes key details of the National Housing Federation's report on projected house price trends. Headline findings are that the average house price rise by 40% to £302 400 by 2012, with London averages surpassing £500 000. A housing crash is unlikely despite prices rising beyond the reach of most first-time buyers. The average house price is now 11 times the average salary. Housing supply is falling ever further behind demand. Over 1.6m households are on waiting lists for social homes. The Federation says that promised government investment in housing must be honoured.
United Kingdom--