Elaine He, Columnist

The Wrong Type of House

Country doesn't need more luxury homes, just more affordable ones.

July 20, 2017 at 8:28 AM UTC

Corrected

July 20, 2017 at 10:34 AM UTC

Elaine He is Bloomberg Opinion's data visualization editor. Before joining Bloomberg, she was a graphics editor at the Wall Street Journal and the New York Times.

1500539508_AHi_j0179 — Photographer: Matthew Lloyd/Bloomberg

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You don't have to spend much time looking in the windows of estate agents to see Britain's housing market has an affordability problem.

Homes in England cost eight times workers’ wages; 13 times in London; and 30 times in the capital's poshest neighborhood, according to the Office for National Statistics.