Nothing really new, but a good headline nonetheless in The Metro:
The average property in Britain now costs £253,000, rising to £458,000 in the capital, the Office for National Statistics said.
A would-be buyer would need to be on a salary of at least £96,308 – which would put them in the top ten per cent of earners in the country – to take home £63,000 after tax each year... [to be able to buy in London]
Oliver Atkinson, from online estate agents Urbansalesandlettings.co.uk, said: "Forget talk of house bubbles. In London, the market is well beyond that – what we’re witnessing in the capital is a super-bubble."
Heck knows if the Lib-Cons will manage to keep this going long enough to get them through the next election.
I hesitate to use the over-used and hence nigh meaningless adjective "sustainable", but whatever that means, this isn't it.
Debate Magazine
