The London housing market is now 'impossibly unaffordable', according to a think tank
Briefly

Housing in London is now considered 'impossibly unaffordable', with house prices reaching nine times the median salary. London's median house price-to-income ratio is the worst among UK regions, having increased dramatically in affordability. The Demographia International Housing Affordability report ranks London alongside other unaffordable cities worldwide such as Hong Kong and Sydney. In comparison, the rest of the UK is significantly cheaper, with London being 2.5 times more expensive than the most affordable regions like Middlesbrough and Durham.
Buying a house in London now costs up to nine times the median salary, with a median multiple of 9.0 making it 'impossibly unaffordable'.
According to the report, house prices relative to household incomes have up to tripled in London, making it one of the least affordable markets globally.
Read at Time Out London
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