London house prices unsustainable
Series: Financial Times ; 19-20 May 2001, 3(1)Publication details: 2001Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3720-14 (Browse shelf(Opens below)) | 1 | Available | 112711-1001 |
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.