Page 26 - Redbriik: Property and Lifestyle Magazine Summer 2019

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THE PROPERTY MARKET BY NUMBERS
Who doesn't love a good stat? We have pulled together a number of interesting property facts and figures for you to enjoy.
CASH SALES FALL AS FIRST-TIME BUYERS INCREASE
Below is the percentage of cash sales for each region.
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MORE HOMES SELL BETWEEN JUNE AND AUGUST THAN ANY OTHER TIME OF YEAR
Source: dataloft/ONS/UK HPI (2018 sales)
AFFORDABILITY RATIO
Outer London London
Inner London East of England West Midlands South East
East Midlands
Great Britain
Yorkshire and The Humber North West
Scotland
North East
Wales
South West
Source: dataloft, HMRC, Rightmove. Based on data from 2014-2018
The median property price in England and Wales in 2018 was 7.83 times more than average gross annual earnings, up from 6.35 in 2009.
5.32 North East
5.86 North West
5.88 Wales
5.95 Yorkshire and the Humber 6.78 West Midlands
6.92 East Midlands
7.83 England and Wales 8.90 South West
9.72 East of England
10.38 South East
12.25 London
Source: dataloft/ONS, affordability ration calculated by dividing median house prices by gross annual workplace-based earnings (2019)
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STATS