Builders are making thumping profits by over-charging for new homes – new findings
- Written by Simon Roberts, Honorary Professor in the Department of Mechanical and Aerospace Engineering, Brunel University London
Welcome to the UK, where affordable housing can often feel like an oxymoron. The average national house price is £294,000, but someone earning the average annual salary of £33,000 can expect to borrow no more than £140,000, leaving a considerable shortfall. The typical first-time...