The Financial Times:
Property puzzle
2 June 2015
Partly as a result London house prices per square foot are now the second highest in the world after Monaco, according to the London School of Economics' Centre for Economic Performance. The problem is acute: the average UK home now costs a first-time buyer five times their income, up from 2.8 times in the early 1980s. That has in turn fuelled demand for rented accommodation, pushing up the costs and eating up increasing amounts of state subsidy.
This article was published online by the Financial Times on June 2, 2015
Link to article here
Related publications
UK Housing and Planning Policies: the evidence from economic research, Christian Hilber, CEP 2015 Election Analysis No.33, April 2015
Related CEP videos/podcasts
CEP #ElectionEconomics video interview with Christian Hilber on 'Housing'
View video here
Related links
Christian Hilber webpage
Spatial Economics Research Centre website