Blog @ Changchun China 中国长春 博客 » house prices http://davidcrompton.co.uk/blog davidcrompton.co.uk Sun, 28 Aug 2011 01:58:57 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Mad prices http://davidcrompton.co.uk/blog/2009/06/09/mad-prices/ http://davidcrompton.co.uk/blog/2009/06/09/mad-prices/#comments Tue, 09 Jun 2009 11:36:13 +0000 DC http://www.davidcrompton.co.uk/blog/?p=232 Continue reading →]]> Just been reading that in London if you earn the average salary and have a £25,000 deposit you can buy a £100,000 based on 3X Income multiple for your mortgage.

This means anyone on the average salary fortunate to have £25,000 in savings can only afford a £100,000 place in london.

Slight problem with this is that unless you wish to live in a ghetto or a camp site, 100K will get you very little indeed. The average price of property in London is  £348,585.  Disdain

At that rate it’s going to take me 17.49 years if saving, not that I want to buy a house anyway.. Laugh

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