The ratio of property prices to income has fallen to 3.3 from a peak of 5.1 in 2005, a study...

|By:, SA News Editor

The ratio of property prices to income has fallen to 3.3 from a peak of 5.1 in 2005, a study from real-estate firm Zillow shows, although the figure is still above the 2.9 average in 1985-2000. Prices in Las Vegas and Detroit in particular have dropped significantly.