Now harder to move up the housing ladder than to get on it [electronic resource]
Now harder to move up the housing ladder than to get on it [electronic resource]
- 2011
- Bank of Scotland Press Release 17 December 2011 .
The Bank of Scotland second stepper housing affordability measure for Scotland (the average price of a typical second stepper home less their current equity position as a ratio of average earnings) was 4.3 times gross annual average earnings in October 2011. This is the highest ratio since records began in 1987, however Scotland is still the third most affordable region of the UK for people moving on to their second home.
Scotland--1999-
The Bank of Scotland second stepper housing affordability measure for Scotland (the average price of a typical second stepper home less their current equity position as a ratio of average earnings) was 4.3 times gross annual average earnings in October 2011. This is the highest ratio since records began in 1987, however Scotland is still the third most affordable region of the UK for people moving on to their second home.
Scotland--1999-