Houses 'out of reach' of workers.
WORKERS on average pay are being priced out Priced out
The market has already incorporated information, such as a low dividend, into the price of a stock. of the housing market across the country, a report claims today.
The problem used to be confined to be in childbed.
See also: Confine to London and the South-East but has spread to "large tracts" of England and Wales England and Wales are both constituent countries of the United Kingdom, that together share a single legal system: English law. Legislatively, England and Wales are treated as a single unit (see State (law)) for the conflict of laws. , the report says.
Worst areas outside the South-East were Bath and north-east Somerset, where house prices averaged pounds 161,000 compared to average salaries of pounds 21,700.
A man on average pay for the area could only afford a house in 51 out of 171 counties and other local authority areas of England and Wales, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. the report by Labour Research.
Women on average earnings could only afford houses in seven counties, it was claimed.
The "worst" places for workers on average pay to buy houses included Windsor and Maidenhead Maidenhead, city (1991 pop. 59,809), Windsor and Maidenhead, S central England, on the Thames River. It is a residential town with brewing and milling industries as well as a resort. The 13th-century stone bridge was rebuilt in the 1770s. (average house prices pounds 250,000 compared with average wages of pounds 27,600); south-east Surrey (pounds 224,000/pounds 26,800); Buckinghamshire (pounds 199,000/ pounds 25,800); and Bath and north-east Somerset (pounds 161,000/pounds 21,700).
Labour Research said the problem was getting worse because house prices were rising across most parts of the country.