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Debate House Prices


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Where Can You Afford to Buy a House? Interactive Map

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Comments

  • westv
    westv Posts: 6,508 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    ukcarper wrote: »
    Where do they get their figures from I've never seen medium house prices at such a local level.
    Land Reg 2014 sold prices I'd say.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    westv wrote: »
    Land Reg 2014 sold prices I'd say.
    If that's the case how do they come to a meaningful median all they could obtain is the medien price of property sold and if you zoom in on map they go to very small areas incredible amount of work involve.
  • westv
    westv Posts: 6,508 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    ukcarper wrote: »
    If that's the case how do they come to a meaningful median all they could obtain is the medien price of property sold and if you zoom in on map they go to very small areas incredible amount of work involve.
    The prices are at post code district level so easily calculated.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    westv wrote: »
    The prices are at post code district level so easily calculated.
    Time consuming for whole country and some post codes will have very few properties sold.
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Mistermeaner wrote: »
    Sorry I'm on a kindle and clearly saw a limited view. I couldnt see a key to the colours either but assumed dark red is can't buy

    Could you copy and paste the bits about how it works I'm genuinely interested. Thanks

    It divides median house price by the salary figure you enter in the box. Very red means 10x or greater. Quite red means 6-10x. Pinky red is 5-6x.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 2 September 2015 at 10:20PM
    Looking at my post code it seems to say that you can't afford to buy if median house price is 4x your salary which probably isn't the case. Also using median house price can be misleading as one post code could be predominately flats and terraced house while another could be semis and detached. For me it shows the adjacent post code would be more affordable but in reality if I was to buy same type of property it would cost the same.
  • westv
    westv Posts: 6,508 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    ukcarper wrote: »
    Time consuming for whole country and some post codes will have very few properties sold.
    I'm assuming a computer was used rather than a bloke with an Excel spreadsheet and lots of time.:)
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    westv wrote: »
    I'm assuming a computer was used rather than a bloke with an Excel spreadsheet and lots of time.:)
    Would they not need access to the the landregistry data base or do landregistry publish figures never seen them. Perhaps the guardian should say how they got median figure.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    I can afford to live in a Northern Hell Hole or Slough.
  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    I can't afford in SW3, SW7, W8 and plenty others.
    It's an outrage.
    The boomers have stolen my future. :(
    Don't blame me, I voted Remain.
This discussion has been closed.
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