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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]
The private rent market provided 90% of the housing before the war. Now it came under heavy pressure, regarding rent controls, and the inability of owners to evict tenants, except for non-payment of rent. The tenants had a friend in Liberal Prime Minister, David Lloyd George, and especially in the increasingly powerful Labour Party. The private ...
In Australia, the Housing Industry Association publishes a Housing Affordability Index, [5] which is a "'purchase affordability' metric which is most representative of an individual owner occupier purchasing a home with a mortgage, although it is also indicative of conditions for others transacting in the housing market."
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The UK mortgage market is one of the most innovative and competitive in the world. There is little intervention in the market by the state or state funded entities and virtually all borrowing is funded by either mutual organisations (building societies and credit unions) or proprietary lenders (typically banks). Since 1982, when the market was ...
The Liberal Democrat manifesto For a Fair Deal was released on 10 June, [189] [190] which included commitments on free personal care in England, [191] investment in the NHS including more GPs, increased funding for education and childcare (including a tutoring guarantee for children from low-income families), increased funding for public ...
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