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What does the average house price buy in your area?
117 sats \ 2 comments \ @Joe 28 Aug 2023 meta
The cost of a typical home in Britain today costs 6.7 times the average salary, new data shows.
London remains by far the most expensive place in the country to buy a home, with an average property price of £533,057.
Based on regional earnings, this puts the house price to income ratio at 9.3 - compared to ten a year ago - the highest of any region. Londoners typically earn £14,000 more per year than the UK average, but properties are nearly £250,000 pricier.
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0 sats \ 0 replies \ @nullama 28 Aug 2023
Here's an interesting report.
It studied only 8 countries(including the UK), but it does a good job I think.
Here are the most affordable cities:
https://imgprxy.stacker.news/mSTU-xhjJ7RegddxQQvfe8Mvg0QcZOHdflV_5boGB8s/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLmltZ3VyLmNvbS9vbjYzN2p0LnBuZw
And the least affordable cities:
https://imgprxy.stacker.news/2u6fBFRRzGA0dTRp9bL2yqIsHbaQZucn5UzcjgrZhTk/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLmltZ3VyLmNvbS9jRzFFMFEzLnBuZw
London ranks 83rd, just one spot above the last chart, with a median multiple of 8.7.
Median multiple is: (Median House Price/Median Household Income)
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0 sats \ 0 replies \ @grayruby 28 Aug 2023
AVG house price in my area is: 22.81BTC AVG income in my area is: 2.31BTC/yr Price/Income ratio: 9.87
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