UK houses now cost almost eight times average earnings, says ONS

Workers in England and Wales need to fork out almost eight times their annual income in order to buy an average house, according to the latest official estimates, underlining how unaffordable house purchasing has become for many. The Office for National Statistics reported on Thursday that average house in 2017 rose 4.5 per cent to £225,000.
Read more: https://www.independent.co.uk/news/business/news/uk-house-prices-average-earning-ratio-latest-unaffordable-housing-crisis-a8323086.html?source=Snapzu