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UK home prices now up to 14x average income, making them unaffordable, especially in London and the home counties.
Kevin McCloud, host of Channel 4’s Grand Designs, has warned that buying a home in the UK, especially in London and the home counties, is increasingly unaffordable, with prices now up to 14 times the average income—far higher than in the past.
Reflecting on his 1996 purchase of a Dulwich home for £60,000, now worth £1.2 million, he highlighted how the market has become dominated by a few powerful players.
He criticized the focus on size, garages, and luxury features over character and atmosphere, blaming American influences.
McCloud urged buyers to create personal, lived-in homes rather than sterile showrooms and stressed the importance of seeking professional advice to avoid costly mistakes.
The Grand Designs series returns in October for its 25th anniversary.
Los precios de las viviendas en el Reino Unido ahora alcanzan 14 veces el ingreso promedio, lo que las hace inasequibles, especialmente en Londres y los condados de origen.