Monday, 6 April 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:

London estate agent said...

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

Anonymous said...

Alice,

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

CityUnslicker said...

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.

Half The Story said...

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

electro-kevin said...

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

... thaaat I've got a job.