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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. By 2012–13, the median income in London had increased to £24,600 and the median London house price had increased to £300,000, 12.2 times median income [8]
Housing in the United Kingdom represents the largest non-financial asset class in the UK; its overall net value passed the £5 trillion mark in 2014. [1] [needs update] Housing includes modern and traditional styles. About 30% of homes are owned outright by their occupants, and a further 40% are owner-occupied on a mortgage.
The median multiple indicator, recommended by the World Bank and the United Nations, rates affordability of housing by dividing the median house price by gross (before tax) annual median household income). [18] A common measure of community-wide affordability is the number of homes that a household with a certain percentage of median income can ...
Grade II listed houses in London (3 C, 129 P) Grade II* listed houses in London (110 P) H. Historic house museums in London (54 P) N. National Trust properties in ...
the obligations to repair and maintain the property, under the Landlord and Tenant Act 1985 (c. 70). In general, people renting homes or real property may agree with a landlord to any contract terms they like, but some rights and duties are made compulsory. Historically, the United Kingdom sought to ensure fair rents, prevent evictions without ...
The Furnished Houses (Rent Control) Act 1946 (9 & 10 Geo. 6.c. 34) was an act of the Parliament of the United Kingdom that and set up rent tribunals to control rents in the private sector [1] and regulated renting prices.
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