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The lack of affordable housing is one of the most critical issues facing rural communities in the UK. [citation needed] This results in people have to move away to find affordable housing, which means that families are separated by distance and are less able to support each other by providing childcare or to do shopping for elderly relatives.
The gap between average income and average housing prices changed between 1985 and 2015 from twice an average salary to up to six times average income. Median house prices in London the median house now cost up to 12 times the median London salary. In 1995, the median house price was £83,000, 4.4 times the median income.
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The consequence of this is seen in the high price for top-end dwellings. The most expensive home ever sold in the UK was 2–8a Rutland Gate, Hyde Park, which sold for £280 million in 2015. [62] The most expensive street in the UK is Kensington Palace Gardens, London, where the average price of a home is approximately £42 million. [63]
Real Estate in Dubai refers to the market for property development and investment in the emirate of Dubai, United Arab Emirates. Real estate is a significant contributor to Dubai's economy, accounting for a substantial portion of the city's GDP. [1] Dubai's real estate market has experienced growth and transformation, driven by the city's rapid ...
List of communities in Dubai; List of development projects in Dubai; List of free-trade zones in Dubai; List of hospitals in Dubai; List of hotels in Dubai; List of Industrial areas in Dubai; List of parks in Dubai; List of shopping malls in Dubai; List of sports venues in Dubai; List of universities and colleges in Dubai
All the artificial islands in front of the relevant section of coast are also part of the sector. It is the most populous sector of Dubai with a presence of over 1,200,000 residents (2021 data). Bur Dubai from the view in Dubai Creek Burj Al Arab Financial Center (Trade Center 1 & 2) and Downtown Dubai Dubai Marina (2008)
The definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...