Homebuyers in some parts of the UK would want to fork out nearly 50 times their earnings to buy close to work, and new facts reveal – while others may want to comfortable home for much less than three times their earnings.
On average, a UK full-time worker may want to assume to pay around 7.8 times their annual earnings buying a domestic in England and Wales in 2018 – but there may be a large variation across the United Kingdom, as the state-of-the-art housing affordability statistics from the Office for National Statistics show.
Here, you can compare how low-priced your vicinity is, discover where Brits spend the most on their mortgage, and learn how to pick where to shop for a residence.
Call Which for professional advice on shopping for your first home or taking the next step on the housing ladder. Call Which? Mortgage Advisers on 0808 231 09470808 231 0947
Where are the United Kingdom’s most and least low-cost areas?
The map under shows the affordability of every nearby authority in England and Wales.
The figures display the average house fee as more than one of the common incomes in that area. Areas in light blue are the maximum expensive; regions in darkish blue are the least expensive. There is no data for the areas in grey.
It may be unsurprising to find the least expensive places are in London and the South East of England, at the same time as you’ll have lots better hazard of being able to shop for a residence if you work in North West England and South Wales.
