Interrogations - annno V - n. 15 - luglio 1978

NINO STAFFA with very little success. Building societies are reluctant to embark on schemes which in any way threaten their investors' deposits. Table 8 illustrates the main difference in lending policies between local authorities and building societies. Most of the building societies' advances are concentrated in the post-war second-hand new properties, whilst local authorities' advances show a much more even spread. It is interesting to note in th_efollowing table (Table 9) that 65% of dwellings were purchased by house purchasers who in 1976 had average incomes ranging from £ 2,923 to £ 4,588 compared to the average income of all purchasers of £ 4,644. Furthermore 55% of dwellings purchased were bought by people with average incomes ranging from £ 3,495 to £ 4,588. A surprising 24% of dwellings purchased were bought by people with average incomes over£ 6,510. Table 9: Average Income of House Purchasers According to Price Paid: 1976 Distribution of Average Recorded Dwellings by Price Income (£) Under £5,000 £5,000-5,999 £6,000-6,999 . £7,000-7,999 . £8,000-8,999 . £9,000-9,999 . £10,000-10,999 £11,000-11,999 £12,000-12,999 £13,000-13,999 £14,000-14,999 . £15,000 and over All Prices . Median Price Mean Price. (50) HMSO op. cit., part. II, p. 52. 32 (%) 2.5 2.9 4.4 7.2 10 .8 10. 9 10. 6 8.8 7.0 5.8 5 .1 24 .0 100 .0 £11,080 £12,704 2,923 3,169 3,279 3,495 3,771 3,977 4,168 4,432 4,588 4.854 4,990 6,510 4.644 (SO)

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