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In theory, the price of a home should reflect the value of the services it provides.
The price of a home in Glenville is not the only thing that attracts young couples like the Levines.
WHEN you add everything up, closing costs can increase the price of a home by as much as $10,000, sometimes more.
Fashionable London dinner parties did not think what was happening to the price of a home in Stoke Newington or Dulwich was remotely interesting.
Builders are not the ones who end up paying the utility bills, so have little reason to add to the construction costs—and hence the price of a home or office by incorporating energy-saving features.
In certain neighborhoods, the price of a home can go up $100,000 or $200,000 if parking is included, which it often is not, only adding pressure to the supply and demand crunch that drives prices up further.
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Savills estate agents put the price of a starter home in the borough at more than £340,000 last year.
Even in second-tier cities like Chengdu, in central China, the price of a typical home costs about 25 times the average annual income of residents.
The National Association of Realtors (NAR) says that a good way to calculate the price of a starter home is to take 85% of the area's median price.
This results in the price of an affordable home varying across the country.
The price of an average home in London, currently around £515,000 could push close to £1 million according to research compiled by the Centre for Economics and Business Research.
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