Monday, April 6, 2009

Maybe its because I'm a Londoner.....

...that I can't buy a house.

True, the house price to income ratio has come down a smidgen. However, it is still almost 5. Back in the mid-1990s, it was under 3.

5 comments:

  1. London estate agentApril 6, 2009 at 11:10 AM

    Alice,

    housing affordability is improving; rates are low, and it isn't a bad time to buy. Don't miss the bottom of the market.

    LEA

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  2. Alice,

    If it came back down to 3.....what would average house prices be?

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  3. anon - 40% less than they are now.

    Prices won't fall that much, but maybe another 20%.

    Much of the immigration has been to London Alice, all that oil money has pushed up prices above the norm for the rest of the country. You can see it when you travel around.

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  4. Where do you want to live and what do you want to live in?

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  5. Maybe it's because I'm a Londoner ...

    ... thaaat I've got a job.

    ReplyDelete