UK house price to earnings ratio



ooohh lovely bubbly.....

The UK house price to earnings ratio; it is coming down, but painfully slowly. Still, I can't help feeling that it has much further to go.

I always get a bit nervous about posting this chart. In the past, I have received a few rough comments. Some people get very upset with the idea of measuring housing affordability. It seems odd, and I can't explain why.

Anyway, the latest data shows that the ratio is still much higher than the historical average.
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