The average property now costs seven times the typical wage, with houses more unaffordable than ever.
Research by Nationwide shows that loan payments eat up 40% of homebuyers’ monthly outgoings.
The regional differences are stark. In London 64.4% of take-home pay goes on mortgage payments, compared with just under 26% in the north of England — a range from 11 times average earnings to 4.5 times in the north.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
