House Prices Rocket By 87%
The cost of buying a home in the West increased by nearly three times the rate of an average salary over the past ten years. The National Housing Federation research found the price of a home since 2001 has rocketed by 87%.
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Cotswolds is hardest place to buy first home
New figures have revealed the growing gap between what we're earning and how much it costs to buy a house in the West. According to the latest research, it's getting more and more difficult for people to get on the property ladder.
The hardest place to buy your first home is in the Cotswolds. Prices there have risen by eighty three per cent in the last 10 years, while wages rose by just five per cent.
The report from the National Housing Federation calls for a major building programme to improve the situation.
House prices rise by three times the average salary
The cost of buying a house in the South West has outstripped average earnings by nearly three times in a decade.
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