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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
Across the UK generally, house prices increased by 10.8% over the year to December 2021, accelerating from 10.7% in November 2021. Average house prices increased over the year in:
A substantial part of the UK population still lives in council housing; in 2024, about 17% of UK households. [3] Approximately 55% of the country's social housing stock is owned by local authorities. Increasingly the stock is managed on a day-to-day basis by arms-length management organisations rather than directly by the authority, and by ...
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The most common type of tourist tax in Europe and the United States is to levy a tax on accommodation known as a hotel tax, occupancy tax, lodging tax or bed tax. [5] The tax is levied against individuals when they rent accommodation (a room, rooms, entire home, or other living space) in a hotel , inn , tourist home or house, motel , or other ...
On average, an air-source heat pump costs about £10,000 ... Tenants in private rented accommodation are also eligible but the landlord has to apply. ... Fewer heat pumps been installed in the UK ...
An average home cost 3.6 times annual earnings in 1997 compared to 7.6 in 2016. [199] Rent has nearly doubled as a share of GDP since 1985, and is now larger than the manufacturing sector. In 2014, rent and imputed rent – an estimate of how much home-owners would pay if they rented their home – accounted for 12.3% of GDP.