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/BloombergThis article is for subscribers only.
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.