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First Time Buyers: Income

Volume 464: debated on Tuesday 16 October 2007

To ask the Secretary of State for Communities and Local Government what the ratio between the mean average price of a house for first time buyers and mean average household income was in (a) England and (b) each Government Office Region in England in (i) 1997 or the earliest time after that for which figures are available and (ii) the most recent period for which figures are available. (157627)

Mix-adjusted house prices for first-time buyers are calculated by Communities and Local Government using the Regulated Mortgage Survey with data being available by calendar year. Data on gross income of main householder plus spouse are available from the CLG Survey of English Housing and are available by financial year. The ratio between the two is given in the tables as follows.

Mix-adjusted house price, FTBs, 1997 (£)

Gross income of main householder plus spouse, 1997-98 (£)

Ratio of FTB house price to income

North East

42,904

15,254

2.8

North West

16,814

Yorkshire and the Humber

45,173

16,705

2.7

East Midlands

46,304

18,113

2.6

West Midlands

49,842

17,455

2.9

East

61,270

21,425

2.9

London

79,403

23,418

3.4

South East

69,984

23,655

3.0

South West

57,883

19,122

3.0

England

58,391

19,698

3.0