Housing: Prices

(asked on 7th November 2016) - View Source

Question to the Ministry of Housing, Communities and Local Government:

To ask Her Majesty’s Government what assessment they have made of the impact of relative increases in house prices and wages on the affordability of housing.


This question was answered on 21st November 2016

The Government publishes live tables on the housing market and house prices here:
https://www.gov.uk/government/statistical-data-sets/live-tables-on-housing-market-and-house-prices

In 2015, median house prices were more than nine times median incomes in 127 of 324 local authorities (39 per cent) for which data was available.

This Government is clear that to make housing more affordable we need to build many more homes. Our Housing White Paper will set out the steps we will take to make the housing market work for everyone. The Office for Budget Responsibility will include future forecasts for house prices and wages in their Economic and Fiscal Outlook alongside the Autumn Statement.

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