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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.
Initially the 1967 act applied only to homes below these rateable values: £400 p.a. in London and £200 p.a. elsewhere (thus targeting low-to-middle income homeowners); the reform coincided with lower wages becoming less of a bar to access to loans from major mortgage lenders. The act has since been amended on a number of occasions to expand ...
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 ...
An Act to make provision about the rent payable under long leases of dwellings; and for connected purposes. Citation: 2022 c. 1: Introduced by: Michael Gove, Secretary of State for Levelling Up, Housing and Communities (Commons) Territorial extent England and Wales: Dates; Royal assent: 8 February 2022: Commencement: 1 April 2023
N = the period, expressed in years (rounding up any part of a year to a whole year), for which the rentcharge (or, as the case may be, the rent to which section 20(1) of the Landlord and Tenant Act 1927 applies) would remain payable if it were not redeemed. The point of longstop (longest date for this) will be 22 August 2037, thus longest ...
The Cadogan Group is the main landlord in the west London districts of Chelsea and Knightsbridge, and it is now the second largest of the surviving aristocratic Freehold Estates in Central London, after the Duke of Westminster's Grosvenor Estate, to which it is adjacent, covering Mayfair and Belgravia.
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