London’s Sky-High Home Prices Are Most Affordable in Decade
- Zoopla data shows property in the capital underperforming UK
- London homes are still the most expensive in Britain
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London homes are now the most affordable they’ve been since 2014, though they’re still by far the most expensive relative to earnings in Britain.
Data from the online sales portal Zoopla showed that London houses now cost 13 times the average earnings of a UK worker, down from over 15 times at their peak in 2016. Britain’s departure from the European Union along with tax changes and shifts in house prices and wages were responsible for the move.