UK's most and least affordable towns
3 months, 2 weeks ago

UK's most and least affordable towns

Daily Mail  

Homes in Britain's least affordable borough cost up to 27-times the average salary, data shows. It comes as official figures today revealed the affordability ratio across England as a whole is now 8.6 because of spiralling house prices. All of the 20 least affordable local authorities in Britain are in London and the South East, bar Cotswold in the South West. A 35-year-old millennial earning an average full-time annual salary of £32,500 had a house price to earnings ratio of 8.83 to 1.

England London Earnings Price House East Average Britain Ratio  average  england  house  north  towns  london  east  price  affordability  uks  ratio  affordable  earnings

History of this topic

There’s no such thing as an ‘affordable’ home any more
1 month, 2 weeks ago

There’s no such thing as an ‘affordable’ home any more

The Independent  

Sometime this year, Halifax’s House Price Index will put the average cost of a British home at more than £300,000. At the same time as its latest decision to cut rates by a quarter point to 4.5 per cent, the Bank also slashed its GDP growth forecast to a dismal 0.75 per cent. But working in their favour is that …

Revealed: Where Britain's first-time buyers pay the most and least compared to their salaries
2 months ago

Revealed: Where Britain's first-time buyers pay the most and least compared to their salaries

Daily Mail  

Getting on the property ladder is more affordable now than it was in 2022, according to the latest figures from Nationwide Building Society. Modest improvement: Affordability has improved compared to 2022, though first-time buyers are still paying a higher multiple of their income than they did in the past Higher: A typical first-time buyer with a 20% deposit would have …

English house prices have increased TWICE as fast as income since 2000 with average home in London 'unaffordable' for even Britain's highest earners, damning ONS report reveals
3 months, 2 weeks ago

English house prices have increased TWICE as fast as income since 2000 with average home in London 'unaffordable' for even Britain's highest earners, damning ONS report reveals

Daily Mail  

House prices in England have increased twice as fast as income since 2000 with the average home in London 'unaffordable' for even Britain's highest earners. It lays bare the housing crisis gripping the nation as premier Sir Keir Starmer vowed to bulldoze the objections of local people to get hundreds of thousands of new homes built across Britain. House prices …

Homes in England cost 18.2 times incomes of lowest 10% of households on average
3 months, 2 weeks ago

Homes in England cost 18.2 times incomes of lowest 10% of households on average

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Average home costs 8.4 times typical income in England, says ONS
1 year, 7 months ago

Average home costs 8.4 times typical income in England, says ONS

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. In Wales, …

Jack Monroe says those who bought a house before 2000 have ‘no idea’ of cost of living for millennials
2 years, 10 months ago

Jack Monroe says those who bought a house before 2000 have ‘no idea’ of cost of living for millennials

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

Most and least affordable places in Britain for first-time home buyers revealed
3 years, 2 months ago

Most and least affordable places in Britain for first-time home buyers revealed

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Andrew Harvey, a senior economist at Nationwide, said: “Most …

Why moving county could save you money
6 years, 11 months ago

Why moving county could save you money

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. The recent …

House prices rose by £12,000 in 2017 to £227,000
7 years, 1 month ago

House prices rose by £12,000 in 2017 to £227,000

Daily Mail  

House prices rose by an average of £12,000 in 2017, new statistics revealed today. The Office for National Statistics said the average UK house prices rose by 5.2% in the year to December 2017, making the average property worth £227,000 compared to £215,000 a year earlier Within the English regions, the South West showed the highest annual growth, with prices …

Buying home in UK cities at least affordable level since 2007, says new study
7 years, 1 month ago

Buying home in UK cities at least affordable level since 2007, says new study

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The average house price across cities equated to seven …

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