This table shows the average House Price/Earnings ratio, which is an important indicator of housing affordability. Ratios are calculated by dividing house price by the median earnings of a borough. The Annual Survey of Hours and Earnings (ASHE) is based on a 1 per cent sample of employee jobs. Information on earnings and hours is obtained in confidence from employers. It does not cover the self-employed nor does it cover employees not paid during the reference period. Information is as at April each year. The statistics used are workplace based full-time individual earnings. Pre-2013 Land Registry housing data are for the first half of the year only, so that they are comparable to the ASHE data which are as at April. This is no longer the case from 2013 onwards as this data uses house price data from the ONS House Price Statistics for Small Areas statistical release. Prior to 2006 data are not available for Inner and Outer London. The lowest 25 per cent of prices are below the lower quartile; the highest 75 per cent are above the lower quartile. The "lower quartile" property price/income is determined by ranking all property prices/incomes in ascending order. The 'median' property price/income is determined by ranking all property prices/incomes in ascending order. The point at which one half of the values are above and one half are below is the median. Regional data has not been published by DCLG since 2012. Data for regions has been calculated by the GLA. Data since 2014 has been calculated by the GLA using Land Registry house prices and ONS Earnings data. Link to DCLG Live Tables An interactive map showing the affordability ratios by local authority for 2013, 2014 and 2015 is also available.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

FOCUSON**LONDON**2011: HOUSING:A**GROWING**CITY

With the highest average incomes in the country but the least space to grow, demand for housing in London has long outstripped supply, resulting in higher housing costs and rising levels of overcrowding. The pressures of housing demand in London have grown in recent years, in part due to fewer people leaving London to buy homes in other regions. But while new supply during the recession held up better in London than in other regions, it needs to increase significantly in order to meet housing needs and reduce housing costs to more affordable levels.

This edition of Focus on London authored by James Gleeson in the Housing Unit looks at housing trends in London, from the demand/supply imbalance to the consequences for affordability and housing need.

REPORT:

Read the report in PDF format.

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PRESENTATION:

How much pressure is London’s popularity putting on housing provision in the capital? This interactive presentation looks at the effect on housing pressure of demographic changes, and recent new housing supply, shown by trends in overcrowding and house prices. Click on the start button at the bottom of the slide to access.

View Focus on London - Housing: A Growing City on Prezi

HISTOGRAM:

This histogram shows a selection of borough data and helps show areas that are similar to one another by each indicator.

Histogram

MOTION CHART:

This motion chart shows how the relationship, between key housing related indicators at borough level, changes over time.

Motion Chart

MAP:

These interactive borough maps help to geographically present a range of housing data within London, as well as presenting trend data where available.

MAP

DATA:

All the data contained within the Housing: A Growing City report as well as the data used to create the charts and maps can be accessed in this spreadsheet.

FACTS:

Some interesting facts from the data…

● Five boroughs with the highest proportion of households that have lived at their address for less than 12 months in 2009/10:

1. Westminster – 19 per cent
2. Wandsworth – 17 per cent
3. Camden – 16 per cent
4. Lambeth – 14 per cent
5. Southwark – 13 per cent

-31. Harrow – 6 per cent

-32. Havering – 5 per cent

● Five boroughs with the highest percentage point increase between 2004 and 2009 of households in the ‘private rented’ sector:

1. Newham – 17 per cent
2. Greenwich – 11 per cent
3. Enfield – 10 per cent
4. Camden – 9 per cent
5. Harrow – 8 per cent

-32. Islington – 1 per cent

-33. Bexley – 1 per cent

● Five boroughs with the highest percentage difference in median house prices between 2007 Q4 and 2010 Q4:

1. Kensington & Chelsea – 29 per cent
2. Westminster – 19 per cent
3. Camden – 15 per cent
4. Islington – 14 per cent
5. Southwark – 10 per cent

-31. Newham – down 9 per cent

-32. Barking & D’ham – down 9 per cent

What is the average price of residential property in the Netherlands? In the third quarter of 2025, a single-family home cost approximately 568,000 euros. There were large differences between the Dutch provinces, however. Single-family homes were most expensive in the central province of Utrecht, with an average price of 778,000 euros, whereas a similar house in Zeeland had an average price tag of 390,000 euros. Overall, the average price a private individual would pay when buying any type of existing residential property (such as single-family homes but also, for example, an apartment) was approximately 416,000 euros in 2023. Do the Dutch prefer to buy or to rent a house? The Netherlands had a slightly higher homeownership rate (the share of owner-occupied dwellings of all homes) in 2024 than other countries in Northwestern Europe. About 69 percent of all Dutch houses were owned, whereas this percentage was lower in Germany, France, and the United Kingdom. This is an effect of past developments: the price to rent ratio (the development of the nominal purchase price of a house divided by the annual rent of a similar place with 2015 as a base year) shows that the gap between house prices and rents has continuously widened in recent years. Despite a slight decline in the ratio due to slowing house price growth and accelerating rental growth, in 2023, the cost of buying a home had grown significantly faster relative to the cost of renting. Mortgages in the Netherlands Additionally, the Netherlands has one of the highest mortgage debts among private individuals in Europe. In 2025, total debt exceeded 868 billion euros. This has a political background, as the Dutch tax system allowed homeowners for many years to deduct interest paid on mortgages from pre-tax income for a maximum period of thirty years, essentially allowing for income support for homeowners. In the Netherlands, this system is known as hypotheekrenteaftrek. Note that since 2014, the Dutch government has been slowly scaling this down, with a planned acceleration from 2020 onwards.

The 'Climate Just' Map Tool shows the geography of England’s vulnerability to climate change at a neighbourhood scale. The Climate Just Map Tool shows which places may be most disadvantaged through climate impacts. It aims to raise awareness about how social vulnerability combined with exposure to hazards, like flooding and heat, may lead to uneven impacts in different neighbourhoods, causing climate disadvantage. Climate Just Map Tool includes maps on: Flooding (river/coastal and surface water) Heat Fuel poverty. The flood and heat analysis for England is based on an assessment of social vulnerability in 2011 carried out by the University of Manchester. This has been combined with national datasets on exposure to flooding, using Environment Agency data, and exposure to heat, using UKCP09 data. Data is available at Middle Super Output Area (MSOA) level across England. Summaries of numbers of MSOAs are shown in the file named Climate Just-LA_summaries_vulnerability_disadvantage_Dec2014.xls Indicators include: Climate Just-Flood disadvantage_2011_Dec2014.xlsx Fluvial flood disadvantage indexPluvial flood disadvantage index (1 in 30 years)Pluvial flood disadvantage index (1 in 100 years)Pluvial flood disadvantage index (1 in 1000 years) Climate Just-Flood_hazard_exposure_2011_Dec2014.xlsx Percentage of area at moderate and significant risk of fluvial floodingPercentage of area at risk of surface water flooding (1 in 30 years)Percentage of area at risk of surface water flooding (1 in 100 years)Percentage of area at risk of surface water flooding (1 in 1000 years) Climate Just-SSVI_indices_2011_Dec2014.xlsx Sensitivity - flood and heatAbility to prepare - floodAbility to respond - floodAbility to recover - floodEnhanced exposure - floodAbility to prepare - heatAbility to respond - heatAbility to recover - heatEnhanced exposure - heatSocio-spatial vulnerability index - floodSocio-spatial vulnerability index - heat Climate Just-SSVI_indicators_2011_Dec2014.xlsx % children < 5 years old% people > 75 years old% people with long term ill-health/disability (activities limited a little or a lot)% households with at least one person with long term ill-health/disability (activities limited a little or a lot)% unemployed% in low income occupations (routine & semi-routine)% long term unemployed / never worked% households with no adults in employment and dependent childrenAverage weekly household net income estimate (equivalised after housing costs) (Pounds)% all pensioner households% households rented from social landlords% households rented from private landlords% born outside UK and IrelandFlood experience (% area associated with past events)Insurance availability (% area with 1 in 75 chance of flooding)% people with % unemployed% in low income occupations (routine & semi-routine)% long term unemployed / never worked% households with no adults in employment and dependent childrenAverage weekly household net income estimate (equivalised after housing costs) (Pounds)% all pensioner households% born outside UK and IrelandFlood experience (% area associated with past events)Insurance availability (% area with 1 in 75 chance of flooding)% single pensioner households% lone parent household with dependent children% people who do not provide unpaid care% disabled (activities limited a lot)% households with no carCrime score (IMD)% area not roadDensity of retail units (count /km2)% change in number of local VAT-based units% people with % not home workers% unemployed% in low income occupations (routine & semi-routine)% long term unemployed / never worked% households with no adults in employment and dependent childrenAverage weekly household net income estimate (Pounds)% all pensioner households% born outside UK and IrelandInsurance availability (% area with 1 in 75 chance of flooding)% single pensioner households% lone parent household with dependent children% people who do not provide unpaid care% disabled (activities limited a lot)% households with no carTravel time to nearest GP by walk/public transport (mins - representative time)% of at risk population (no car) outside of 15 minutes by walk/public transport to nearest GP Number of GPs within 15 minutes by walk/public transport Number of GPs within 15 minutes by car Travel time to nearest hospital by walk/public transport (mins - representative time)Travel time to nearest hospital by car (mins - representative time)% of at risk population outside of 30 minutes by walk/PT to nearest hospitalNumber of hospitals within 30 minutes by walk/public transport Number of hospitals within 30 minutes by car % people with % not home workersChange in median house price 2004-09 (Pounds)% area not green space Area of domestic buildings per area of domestic gardens (m2 per m2)% area not blue spaceDistance to coast (m)Elevation (m)% households with the lowest floor level: Basement or semi-basement% households with the lowest floor level: ground floor% households with the lowest floor level: fifth floor or higher

Data relating to the price of houses sold in the Glasgow Area from the years 1991 - 2013.Some elements of the dataset are derived from information produced by Registers of ScotlandCLASS Administrative Classification onlySTNO Street NumberSTnu Street NumberFLATPOSN Flat PositionSTNAME Street NamePOSTCODE Post CodeMONTH OF SALE Month of SaleYEAR OF SALE (CALENDAR) YEAR OF SALE (CALENDAR)YEAR OF SALE (BUSINESS) YEAR OF SALE (BUSINESS)MONTH AND YEAR MONTH AND YEARQUARTER_(CALENDAR) QUARTER_(CALENDAR)ACTUAL PRICE AT POINT OF SALE Actual Price RPI Retail Price Index - Published every month and available for the last 20 yearsDEFLATOR Figure used to to determine change in house prices over time - calculated fromthe Retail Price Index and other dataPRICE CONSTANT AT July 2013 Actual Price multiplied by the Deflator. This is the price if RPI is applied to original sale price - How much would the property be valued at now. ORIGINOFBUY Council area or Country where the buyer comes fromOMIT OR USE Oroginal data also included retail and commercial data. - Not reproduced hereNEWBUILD OR RESALE Is it a newbuild house or a resaleLHF Local Housing Forum Area

This data contributes towards a clear picture of all planning and land designations. Being an asset of community value does not place any restriction on what an owner can do with their property, but some LPAs may decide (through planning policy), that listing as an asset of community value is a material consideration if an application for change of use is submitted, considering all the circumstances of the case. Listing an asset of community value is also a Local Land Charge, which is a restriction or financial claim on a property or piece of land, and is an important consideration during the selling of a property or piece of land.

In the presented European countries, the homeownership rate extended from 42.6 percent in Switzerland to as much as 95.9 percent in Albania. Countries with more mature rental markets, such as France, Germany, the UK, and Switzerland, tended to have a lower homeownership rate compared to the frontier countries, such as Lithuania or Slovakia. The share of house owners among the population of all 20 euro area countries stood at 64.5 percent in 2024. Average cost of housing Countries with lower homeownership rates tend to have higher house prices. In 2024, the average transaction price for a house was notably higher in Western and Northern Europe than in Eastern and Southern Europe. In Austria, one of the most expensive European countries to buy a new dwelling in, the average price was three times higher than in Greece. Looking at house price growth, however, the most expensive markets recorded slower house price growth compared to the mid-priced markets. Housing supply With population numbers rising across Europe, the need for affordable housing continues. In 2024, European countries completed between one and six housing units per 1,000 citizens, with Ireland, Poland, and Denmark responsible for heading the ranking. One of the major challenges for supplying the market with more affordable homes is the rising construction costs. In 2021 and 2022, housing construction costs escalated dramatically due to soaring inflation, which has had a significant effect on new supply.

Amsterdam is set to maintain its position as Europe's most expensive city for apartment rentals in 2025, with median costs reaching 2,500 euros per month for a furnished unit. This figure is double the rent in Prague and significantly higher than other major European capitals like Paris, Berlin, and Madrid. The stark difference in rental costs across European cities reflects broader economic trends, housing policies, and the complex interplay between supply and demand in urban centers. Factors driving rental costs across Europe The disparity in rental prices across European cities can be attributed to various factors. In countries like Switzerland, Germany, and Austria, a higher proportion of the population lives in rental housing. This trend contributes to increased demand and potentially higher living costs in these nations. Conversely, many Eastern and Southern European countries have homeownership rates exceeding 90 percent, which may help keep rental prices lower in those regions. Housing affordability and market dynamics The relationship between housing prices and rental rates varies significantly across Europe. As of 2024, countries like Turkey, Iceland, Portugal, and Hungary had the highest house price to rent ratio indices. This indicates a widening gap between property values and rental costs since 2015. The affordability of homeownership versus renting differs greatly among European nations, with some countries experiencing rapid increases in property values that outpace rental growth. These market dynamics influence rental costs and contribute to the diverse rental landscape observed across European cities.