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Why UK house prices have further to fall

Posted on 10 November 2010

From Independent: There’s nothing like a few facts to illuminate a problem. The National Housing Federation has published a study that finds the average house price in England in 2009 is 10.3 times the average income.
The average London salary is higher, but that doesn’t make housing in the capital any more affordable. In another study, the NHF finds that average house prices in London are 13.5 times the average London income……………………………………….Full Article: Source

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