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The Luton House Price Index: 172.32

The Luton House Price Index: 172.32

I had the most interesting conversation the other day with a local Luton accountant, who asked me about my articles on the Luton property market. It was quite humbling to be given praise by such a professional, when he commented enthusiastically on the articles I write. He was particularly interested with the graphs, facts and […]

Luton Homeowners Are Only Moving Every 18 Years (part 2)

Luton Homeowners Are Only Moving Every 18 Years (part 2)

In the credit crunch of 2008/9 the rate of home moving plunged to its lowest level ever. In 2009 the rate at which a typical house would change hands slumped to only once every 27 years. The biggest reason being that confidence was low and many homeowners didn’t want to sell their home as Luton […]

Luton Home Owners Are Only Moving Every 18 Years (Part 1)

Luton Home Owners Are Only Moving Every 18 Years (Part 1)

The average house price in Luton is 7.36 times the average annual Luton salary. This is higher than the last peak of 2008, when the ratio was 6.33. A number of City commentators anticipated that in the ambiguity that trailed the Brexit vote, UK (and hence Luton) property prices might drop like a stone. The […]

Luton House Prices Outstrip Wage Growth by 29.29% since 2007

Luton House Prices Outstrip Wage Growth by 29.29% since 2007

I recently read a report by the Yorkshire Building Society that 54% of the country has seen wages (salaries) rise faster than property prices in the last 10 years. The report said that in the Midlands and North, salaries had outperformed property prices since 2007, whilst in other parts of the UK, especially in the […]