Futures Forum - The widening wealth gap: "Shifts in who owns what property are now fuelling the wealth gap between rich and poor, while also creating sharp wealth divides between young and old."
And it's particularly accute in this part of the UK:
East Devon house prices rise 8.3% in one year – by far the largest increase in Devon | East Devon Watch
By WMN_PGoodwin | Posted: June 13, 2017
Property prices nationally rose 5.7 per cent for the year to April, the Land Registry's latest data showed on Tuesday, making the average home worth £236,519. Experts says the market has defied the Brexit slowdown and bounced back.
Devon saw a lower overall rise of 4.2 per cent over the 12-month period, leaving a home in the county valued on average at £243,072.
The biggest increase was East Devon, where an 8.3 per cent rise took prices to £271,141.
A fraction behind was the city of Exeter, where homes soared by 8.2 per cent compared to 4.1 per cent in Plymouth. Exeter's average home is now almost worth a quarter of a million, at £249,571, up from £230,680 in April 2016, the House Price Index said...
Within England, the East showed the highest annual growth, with prices increasing by 8.1 per cent in the year to April. This was followed by the South West at 6.8%. The lowest annual growth was in the North East, where prices increased by 0.6% over the year, followed by the North West at 4.1%.
Across Britain, a first-time buyer faces paying 5 per cent more for a home than a year ago, with the average price paid by the sector now at £185,266.