Economics

Here Are the Most and Least Affordable Places to Buy a U.K. Home

  • Housing affordability improved slightly last year, ONS says
  • Kensington and Chelsea least affordable, Copeland the cheapest

A pedestrian walks past residential properties in London.

Photographer: Hollie Adams/Bloomberg
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It may not feel like it for millions of young Britons struggling to buy a home, but government statistics show property has actually become more affordable.

Full-time employees in England and Wales could expect to spend an average of 7.69 times their annual earnings on purchasing a home, down slightly from 7.73 in 2019, the Office for National Statistics said Thursday.