The house prices-to-salaries map which shows why you may never get a mortgage
Concern has been growing over rising house prices, with the business secretary, Vince Cable, and Bank of England governor, Mark Carney, among the latest to express fears that recent increases may be a risk to the economy.
This map, based on data from the department for communities and local government, shows how English house prices have risen since 1997 relative to earnings. At the beginning of the period the average house in most areas could be bought with six years’ average earnings. By the latest figures, the multiple was 10 times or more in large areas of the country