Aha!

[andrewducker]

Thanks to henriksdal and robhu who both pointed me towards the Nationwide's supply of historical data, where their data on Afforability Indices for first-time buyers produces this graph:

It's slightly annoying that they don't tell you what percentage it is - instead it's baselined to a 1985 level. But it still nicely shows the cyclic nature of the UK housing market, and that ridiculously unaffordable prices have happened before (and will almost certainly happen again), but that there'll be bits in-between where housing is reasonably affordable. It pretty much has to be, otherwise people can't actually sell their homes.

Comments

Re: The stupid question you can't answer

[the-locster.livejournal.com]

Yeh, also I imagine for someone looking for a mortgage now that fixed rate deals are currently either hard to find and/or have quite high rates (to reflect the uncertainty in the economy).