Housing affordability remains ‘stretched’ across the UK
Where are the most and least affordable areas to buy a house?
House prices are continuing to grow and mortgage activity has been “surprisingly resilient” despite ongoing affordability challenges, according to a report from Britain’s biggest building society.
Nationwide also found that people working as cleaners, couriers, labourers and in customer service or caring professions could potentially see more than half their take-home pay swallowed up by their mortgage, based on a typical first-time buyer property.
UK housing affordability had seen a modest improvement over the past year, due to earnings growth marginally outpacing house price growth and a slight reduction in average borrowing costs, said Andrew Harvey, a senior economist at Nationwide Building Society.
Where are the most and least affordable areas to buy a house?
https://www.independent.co.uk/news/uk/home-news/house-affordability-calculator-map-b2685185.html