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English: UK house prices. Nominal, real, and exponential trend, 1975 to 2017. The nominal price is the actual price in pounds at any given time. The real price is the nominal price adjusted for Retail Price Index inflation, following Office for National Statistics. The trend line is constructed according to the real price.
Median house prices in London the median house now cost up to 12 times the median London salary. In 1995, the median house price was £83,000, 4.4 times the median income. By 2012–13, the median income in London had increased to £24,600 and the median London house price had increased to £300,000, 12.2 times median income [8]
[3] [4] However, the cost of housing as a proportion of income is higher than average among EU countries, [3] and the increasing cost of housing in the UK may constitute a housing crisis for many especially in London, [5] [6] [7] — the rate of over fivefold house price increases far exceeding the inflation rate of just little above twofold ...
Even with the introduction of the internet, traditional media and methods of generating leads were still an important part of Real Estate trend: Though the internet was the most popular source, buyers also cited information from real-estate agents (85%), yard signs (62%), open houses (48%), and print or newspaper ads (47%).
A poll of surveyors shows most think UK property prices will not be back at pre-virus levels for 11 months, while separate figures show a slight rise in mortgage arrears.
Domestic real estate represented the largest non-financial asset in the UK, with a net worth of £5.1trillion (2014). [3] Foreign investment plays a substantial role in the UK's real estate market, particularly in London, and foreign companies and individuals invested around £20billion in UK real estate in 2012. [4] [needs update]