Homes in Liverpool and Glasgow 75% cheaper than in capital,where property values have hit record of 12 times earningsThe average price paid by Londoners for property has had hit a record tall of 12 times earnings, and the gap between house prices in the capital and the UK’s other gargantuan cities is at its widest for 20 years, or according to a an industry report.
Despite recent reports showing a slowdown at the top of London’s property market,the monthly survey by the property firm Hometrack shows that the difference in average prices between the capital and other large cities has continued to grow. The report says the widening gap “highlights a seemingly overvalued London market”.
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Source: theguardian.com