Sunderland Echo

GRAPHIC OF THE DAY

- RESEARCH BY LLOYDS BANK

THE HOUSE PRICE GAP between London and England and Wales now stands at just under £300,000 after ballooning over the last 20 years, a report has found

A typical home in London now costs nearly 12 TIMES average earnings, compared with just under FOUR TIMES earnings in 1996

By 2016 the price gap had increased to £299,631 - with a typical home in London priced at £578,381 and an average property in England and Wales costing £278,750

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