Price rises bigger than London wages

7th July 2017

Research by Santander for the Standard shows that house prices in London are rising by more than their owners’ salaries each year. Through 2015 and 2016, property prices in London boroughs rose by an average of 11%, or £46,370 - a figure exceeding the capital’s £37,114 average wage. Researchers say evidence of the trend stretches back over analysis covering both the last five years and the last decade.

Evening Standard (05/07/2017)