Pru reveals North-west has lowest cash/property ratio

People living in the North-west, Wales and Scotland tend to have a better cash-to-property ratio compared with people in London and the South-east, suggests evidence presented by Prudential. People in Greater London can hold property which is worth 30 times their annual income by the time they retire so their cash-to-property ratio is £18 worth of property for every £1 in cash. This compares with a much lower £6 property ratio for every person with £1 of cash in the North and outside England, and a national average of 9:1. Research suggests that even though some regions have ...