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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.
After adjusting for inflation, the average cost of a home increased by a factor of 3.4 between 1950 and 2012. [58] In September 2015 the average house price was £286,000, and affordability of housing as measured by price to earnings ratio was 5.3. [59] The UK's home dwelling cost per type in July 2018 was on average: [60] Detached: £378,473
This is a list of countries, territories and regions by home ownership rate, which is the ratio of owner-occupied units to total residential units in a specified area, based on available data. [ 1 ] No.
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The rateable value should represent the reasonable rental value of the occupation according to the circumstances at the "Material Day" and according to rental values at the "Antecedent Valuation Date". (For the compiled 2005 Rating List the "Material Day" is 1 April 2005 and the "Antecedent Valuation Date" is 1 April 2003).
Refurbishment began in April 2020, whilst Johnson was hospitalised with COVID-19. [4] The Prime Minister receives an annual allowance of £30,000 to maintain and furnish his private residence above 11 Downing Street. Any expenses above this amount must be covered by the Prime Minister himself. [5] Johnson's renovations in 2020 cost £112,549. [6]
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