SW home buyers need 130% pay increase to afford homes

“Home buyers would have to increase their salary by 130% to afford an average home in the South West, a new report into housing affordability crisis has found.

An average house in the region now costs £240,427 – over 10 times the local average salary of £23,832, the National Housing Federation’s (NHF) Home Truths report has shown.” …

http://www.westernmorningnews.co.uk/Home-buyers-need-130-pay-rise-afford-average-home/story-28222174-detail/story.html