Friday, May 25, 2007

Pre Release Question 17

Question 17
Q17) What will happen to house prices ? (See earlier question)
How have house prices locally changed since 2000 ?
Is this a good thing or a bad thing ?
Will you be able to afford to buy a house in 10 years time ?
Think about the fact that average house prices are 8 or 9 times higher than average earnings...

House prices have risen steadily (see earlier post)
Use the HOUSE PRICE calculator to compare houses.

Look at some of the jobs in the local paper which are available to people with qualifications that you have at the moment, or that you expect to get when you leave school.
How many times more is a house than the wages that are being offered ?

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