This was in the Saffron Walden weekly news recently:
A National Housing Federation (NHF) report shows that the average house price across the district in 2009 was £303,923, while the median salary was just £23,421 – which means that buyers need 13 times their income to purchase a house. The average house price in the East of England was £215,260, 10 times the average regional income of £21,492. The NHF found that only one-third of young working households in the region could afford to buy a property at the lowest end of the house price range. Its findings come just after the Nationwide’s latest survey revealed that house prices in north Essex have almost doubled in a decade.
