§ 51. Mr. Frank Allaunasked the Secretary of State for the Environment what estimate he has made of how much of the increase in the average price of new houses sold in the first quarter of 1972, compared with the first quarter of 1970, was due to higher wages; and how much was due to other factors, including land prices and profits.
§ Mr. EyreThe market for new dwellings is highly complex and it is not possible to isolate with reliability or precision the factors that the hon. Gentleman has in mind.
54. Mr. R. C. Mitchellasked the Secretary of State for the Environment what was the average price of new private dwellings mortgaged with building societies in the second quarter of 1972; and what was the equivalent figure for the second quarter of 1970.
§ 57. Mr. Leonardasked the Secretary of State for the Environment what was the average monthly repayment on mortgage on modern houses in June, 1970, and June, 1972, respectively.
§ Mr. EyreInformation so far received from building societies suggest an average price in the second quarter of 1972 of about £7,000 on which the monthly mortgage instalment payment after tax relief on the most typical building society loan was about £32 in the first year of the loan. The corresponding figures for 1970 were £5,082 and about £24 per month.