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Housing: Prices

Volume 463: debated on Tuesday 24 July 2007

To ask the Chancellor of the Exchequer what proportion the average national income was of the average house price in (a) Cornwall and (b) England at the most recent date for which figures are available. (152106)

The Annual Survey of Hours and Earnings reports that average male full-time earnings in 2006 were £32,744. Data from the Land Registry shows that in 2006 Q3 the mean house price in England was £214,471, and in Cornwall £217,776. Therefore the proportion of average national income to average house prices in Cornwall and England are 6.7 and 6.5 respectively.