House prices in Wirral 'more than five times average local salary'

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House prices in Wirral 'more than five times average local salary'

Postby Wirral Talk News » Mon Sep 01, 2014 12:30 pm

HOUSES in Wirral cost five times the average local salary, according to new analysis published today.


Read full article http://www.wirralglobe.co.uk/news/11444 ... _/?ref=rss

Published by Wirral Globe on Mon, 01 Sep 2014 11:47:39 +0100

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Re: House prices in Wirral 'more than five times average local salary'

Postby diggingdeeper » Mon Sep 01, 2014 10:48 pm

Unfortunately they are building houses for the wrong end of the market so are effectively increasing the cost of houses for first time buyers.

They need to build homes targeted at 3rd ot 4th time buyers, hence start a flow of movers up the housing ladder, this will leave behind low cost older houses for first time buyers to purchase and drive the price down throughout the whole market.

Building loads of new houses for first time buyers does hardly anybody a favour.


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