According to an article in the Wandsworth guardian,buying a home in Battersea and London in general  now costs 14 times the national average earnings – the highest level on record – according to a new report published.This pushes Battersea house prices way out of reach of most young couples these days.

A strong demand for housing in London combined with a lack of supply has increased house prices by 86 per cent since 2009, property analysts Hometrack said.

According to Hometrack’s figures, the average house price in London is £482,800 – more than 14 times the average annual wage at £33,720.

That is more than double the house price-to-earnings ratio across the UK generally, where a buyer can expect to spend around 6.5 times their annual wage to purchase a home.


you can read the original article here