§ Andrew GeorgeTo ask the Chancellor of the Exchequer what the house price to earnings ratio was for each year since 1978 in(a) England, (b) local authorities defined as rural and (c) by region. [90830]
§ Mr. McNultyI have been asked to reply.
North East North West Yorkshire & Humber East Midlands West Midlands East London South east South west England 1990 3.38 3.96 4.29 4.66 5.00 5.18 5.58 5.73 5.47 5.31 1991 3.41 3.80 4.14 4.20 4.60 4.70 4.99 5.25 4.92 4.80 1992 3.23 3.79 3.79 3.89 4.17 4.12 4.20 4.65 4.35 4.27 1993 3.45 3.63 3.69 3.66 3.93 4.14 3.90 4.53 3.96 3.96 1994 3.45 3.62 3.51 3.65 3.85 4.06 3.98 4.58 3.97 3.94 1995 3.24 3.44 3.44 3.51 3.83 4.08 3.87 4.54 3.97 3.87 1996 3.19 3.38 3.47 3.58 3.83 4.12 3.89 4.60 4.04 3.89 1997 3.31 3.49 3.53 3.61 3.95 4.46 4.31 4.93 4.20 4.11 1998 3.34 3.56 3.52 3.77 4.04 4.81 4.71 6.28 4.50 4.39 1999 3.50 3.70 3.59 3.78 4.15 4.94 5.51 5.63 4.83 4.71 2000 3.47 3.84 3.64 4.11 4.55 5.47 6.00 6.37 5.35 5.15 2001 3.55 4.10 3.85 4.40 4.62 5.74 6.17 6.62 5.65 5.31 Sources:
New Earnings Survey, ONS
Survey of Mortgage Lenders, ODPM