British cities are now more affordable, but income multiples remain crazy

first_imgThe scene is set for a mini property boom once Brexit is out of the way one way or another, latest house price data from Zoopla reveals.Although London remains crazily expensive with an average house price of £483,100 which is thirteen times the capital’s average salary, the portal says the affordability gap is narrowing within the UK’s most unaffordable cities, including the capital.Other more expensive cities where people are now more able to afford a home purchase or get on the property ladder include 12 cities where earnings are rising faster than house prices.These include Oxford, Cambridge, Bournemouth, Southampton and Bristol, Birmingham, Leicester, Nottingham, Sheffield and Glasgow where house price inflation has begun to slow significantly.The most notable of these is Birmingham where house prices have increased by 3.5% so far this year, half the growth rate it witnessed last year but still above the UK average of 2% year-on-year growth.“Although the likes of London, Oxford, Cambridge are at their most affordable levels in four years, the price to earnings ratio remains well ahead of the 20-year average,” says Richard Donnell, Research and Insight Director at Zoopla (left).“Some cities in the north of England and Scotland are more affordable now when compared to 2007 but, with more scope for future house price growth, the price to earnings ratio is set to rise slowly in the coming years.“Lower-priced cities in northern England are actually getting less affordable than their southern counterparts when you consider that the annual percentage growth in house prices is outstripping earnings growth.”  Birmingham Zoopla August 23, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Housing Market » British cities are now more affordable, but income multiples remain crazy previous nextHousing MarketBritish cities are now more affordable, but income multiples remain crazyResearch by Zoopla shows incomes rising faster than house prices, but London’s stock is still 13 times more expensive than the average salary.Nigel Lewis23rd August 20190398 Viewslast_img read more

Olson to take part in blindness cure campaign

first_imgRedshirt freshman long snapper Jake Olson will be featured in a global campaign for Foundation Fighting Blindness. Olson suffers from retinoblastoma, a rare cancer of the retina that caused him to lose his left eye when he was 10 months old and his right one at the age of 12.The campaign, #HowEyeSeeIt, is the first digital campaign for the foundation with the goal of raising funds to cure blindness caused by retinal diseases.Olson is one of many featured in the campaign who suffers from a retinal disease. The campaign will promote fundraising through videos in which individuals do something they love blindfolded and then nominating three more people to do the same thing.As the world’s largest private funder of research for cures of blindness, the foundation has raised $700 million to support research and create a new medial subfield. Foundation Fighting Blindness has also helped 100 children see for the first time through clinical trials and is helping create the bionic retina to help restore vision.As his part of the campaign, Olson blindfolds other members of the football team and teaches them to snap and kick. Other members of the campaign include chefs Tim Love and 2012 MasterChef winner Christine Ha, Orange is the New Black actress Diane Guerrero and Harry Shum Jr., actor and dancer from Glee.The campaign will continue as videos are shared on the internet. The campaign also asks that in addition to sharing the video, each participants also donates to the foundation.last_img read more