Hong Kong buyers partly responsible for driving UK house price affordability to its worst level in 10 years

//Hong Kong buyers partly responsible for driving UK house price affordability to its worst level in 10 years

Hong Kong buyers partly responsible for driving UK house price affordability to its worst level in 10 years

A combination of foreign demand, including those from emigrating Hongkongers, and a rush to beat the impending property tax, pushed UK home prices to their most unaffordable level in 10 years, according to a study by a London-based real estate agency.Benham and Reeves analysed the average house price to income ratio based on average property values and the average net salary over the last 10 years. While the average net salary in the UK grew to £25,123 (US$34,480) in 2020, the average house…

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By | 2021-02-11T08:00:14+00:00 February 11th, 2021|Business|Comments Off on Hong Kong buyers partly responsible for driving UK house price affordability to its worst level in 10 years