The bar charts indicate the mean expenditure on housing in England and its capital city, London, in the period from 1995 to 2013, as well as comparing the average house prices between different regions of England in 2013.
From a quick glance, the average house prices in England and London underwent an upward tendency from 1995 to 2013, with London’s house prices vastly exceeding the national average. While London achieved the highest amount of money for housing, the opposite was true for the North East within the year 2013.
In 1995, the average house expense in London was 200 thousand pounds, which was considerably higher than England’s average prices. By 2013, a sharp growth was seen in London’s average money spent on housing, with the figure being more than 400 thousand pounds, more than double the country’s average.
Standing at 400 thousand pounds, the statistics of London’s average house prices in 2013 dominated the overall expenditure among the six mentioned areas, being twofold as much as that of the North West. At the same time, South East ranked second, with the expense amounting to around 31 thousand pounds, followed by South West and North West, with the figures being 27 thousand pounds and 20 thousand pounds, respectively. In contrast, housing prices were the most affordable in the Midlands and North East, with average budgets of only around 10 thousand pounds.