Oxford house prices
Whilst I’m getting fed up of reading all about the continual economic decline, I always find it more interesting when they tailor it to specific areas – that is, houses for sale in Oxford
Now, there’s no doubt that Oxfordshire will always have a reputation for high house prices, but it still surprised me to read in the Oxford Mail that Oxford is the fifth least affordably place in England to buy a home. And I’m one of these people that are always browsing the windows of estate agents in Oxford to see what local houses and flats are going for.
The average house price in Oxford is a staggering £370,852, which is 12.7 times the average income (‘normally’, the average house costs 7.1 times average earnings in England).
In the current crunch, mortgage lenders will provide 2.8 times average earnings, so that leaves the majority of us with what looks like an impossible feat if we want to buy. Or perhaps we should be lowering our sights and looking at simply buying a room instead.
Anyway, back to the point. Who beats us at the top of the charts? Kensington and Chelsea, Westminster, South Buckinghamshire and St Edmundsbury. Wonder how much a room is going for in these places?
I think that there is a lot to be said about the charnm that houses in Oxfiord have. I have lived here my whole life and I really think that there is so much to offer. Whether you want a flat or house, the property in this area are great.
Tags: Estate Agents in Oxford
