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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.
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.
A 2009 report found that four out of Eastern England's ten cheapest streets in which to buy property are in Jaywick, with property on Tamarisk Way selling for an average of £44,050. [28] A 2013 report in The Guardian showed that bungalows were being sold on the Brooklands estate for around £20,000.
Public housing became needed to provide "homes fit for heroes" in 1919, [5] [6] then to enable slum clearance.Standards were set to ensure high-quality homes. Aneurin Bevan, a Labour politician, passionately believed that council houses should be provided for all, while the Conservative politician Harold Macmillan saw council housing "as a stepping stone to home ownership". [7]
The Excalibur estate in Catford, London Borough of Lewisham is the UK's largest remaining estate of post-WW2 prefab houses, with 187 Uni-Seco wooden frame bungalows plus a flat-roofed prefab church. While residents fought to save the entire 187-unit estate, English Heritage wanted to save 21 examples, and the council, which still owns 80% of ...
A heritage bungalow located in the heart of Singapore's civic district. Today, the bungalow serves as part of an "urban plaza" where upmarket furnishings from Europe and America are promoted. [13] In Singapore and Malaysia, the term bungalow is sometimes used to refer to a house that was built during the colonial era. The structures were ...
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