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Thanks for this graph. I'd also like to see the proportion of salary that people paid for housing in London over the period (rental or mortgage repayment). I'd be interested to know from any recent buyers (if they are willing to share), their monthly repayment as percentage of monthly after tax pay?
Sparky and WjPrince - when I went through all this with my missus yesterday she had intuitively reached your conclusion, so looks like the search will continue on the basis of :