Average house prices in Oxford are set to break £0.5m barrier this year adding to the worsening housing crisis in the City.
Research by the Green Party using historic house price data to Jan 2015 (the latest available from home.co.uk) is predicting that average house prices in Oxford will this year break through the symbolic half million barrier (£500,000). This comes after a recent Green Party analysis of rents in the city which showed that rents for one bedroom flats are now more than half the gross average salary.
The chart to the left shows average house price sales by month (blue line) and trendline line (dotted red). Source data from home.co.uk.
Says Green Parliamentary Candidate for Oxford East, Ann Duncan; "The Greens want more Council homes to be built, tighter rent controls and the removal of tax incentives for buy-to-let landlords. Continuing with business-as-usual is not an option."