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Ratio of House Prices to Earnings, Borough

Summary

Type of release
ongoing release of a series of related datasets

Licence
UK Open Government Licence

Verification
automatically awarded

Release Date
20 February 2014
Modified Date
25 February 2014
Update Frequency
Annually
Publishers
Department for Communities and Local Government (DCLG)
Keywords
affordability, earnings, house-prices, property, sales

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Description

[This table shows the average House Price/Earnings ratio](https://s3-eu-west-1.amazonaws.com/londondatastore-upload/ratio-house-price-earnings.xls), which is an important indicator of housing affordability. Ratios are calculated by dividing house price by the median earnings of a borough. The Annual Survey of Hours and Earnings (ASHE) is based on a 1 per cent sample of employee jobs. Information on earnings and hours is obtained in confidence from employers. It does not cover the self-employed nor does it cover employees not paid during the reference period. Information is as at April each year. The statistics used are workplace based full-time individual earnings. Land Registry housing data are for the first half of the year only, so that they comparable to the ASHE data which are as at April. Prior to 2006 data are not available for Inner and Outer London. The lowest 25 per cent of prices are below the lower quartile; the highest 75 per cent are above the lower quartile. The "lower quartile" property price/income is determined by ranking all property prices/incomes in ascending order. The 'median' property price/income is determined by ranking all property prices/incomes in ascending order. The point at which one half of the values are above and one half are below is the median. Regional data has not been published by DCLG since 2012. Data for regions has been calculated by the GLA. Data for all areas in 2013 is provisional and has been calculated by the GLA. Link to [DCLG Live Tables](https://www.gov.uk/government/statistical-data-sets/live-tables-on-housing-market-and-house-prices)

General Information

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    UK Open Government Licence Do you think this data is incorrect? Let us know

  • The content is available under

    UK Open Government Licence Do you think this data is incorrect? Let us know

  • This data contains

    no data about individuals Do you think this data is incorrect? Let us know

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Practical Information

  • The data appears in this collection

    http://data.london.gov.uk Do you think this data is incorrect? Let us know

  • This data changes

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