Hometrack report house price to earnings ratio breaks 14x.
Hometrack today released UK Cities House Price Index October 2016 headlined ‘London breaks 14x house price to earnings ratio’
In the report they state: City level house price growth holding steady at 8.4%.
An 86% uplift in house prices since 2009 has pushed the price to earnings ratio in London over 14x, more than double the UK average of 6.5x.
Read the UK Cities House Price Index October 2016 in full with data click here