...with northern regions and Wales more 'affordable', the midlands in the middle and the south, east and London at the bottom. While 'affordability' has ticked up recently, this is at a faster pace and from a higher base in more affordable regions than London and the south.
24.03.2025 10:42 — 👍 1 🔁 0 💬 0 📌 0
Four line graphs that show the proportion of homes sold for less than five times LA earnings for each English region and Wales (denoting 'affordability'). Affordability has decreased in all regions since the beginning of the series in 1997. The North East had the highest proportion of 'affordable' homes sold in 2024, while London had the lowest.
Figure 6 demonstrates this well - it shows the proportion of homes sold for less than 5 times local earnings (therefore 'affordable'), in each region over time. London is the least 'affordable' region by this metric, while North East is the most. The clusters of regions are as you might expect...
24.03.2025 10:42 — 👍 1 🔁 0 💬 1 📌 0
Housing affordability in England and Wales - Office for National Statistics
Data on house prices and annual earnings to calculate affordability ratios for national and subnational geographies in England and Wales on an annual basis.
The housing affordability numbers used in England in the updated standard method for assessing local housing need were published today. Our analysis shows that affordability has improved slightly due to earnings growth but is still low compared with 1997. www.ons.gov.uk/peoplepopula...
24.03.2025 10:42 — 👍 0 🔁 0 💬 1 📌 0
First-time buyer mortgage sales fell across London in decade to 2023 - Office for National Statistics
London is no longer the top location for UK first-time mortgage buyers, as new homeowners purchase homes in more rural and affordable locations.
Colleagues in my team published this article on Tuesday, exploring data from the FCA on first time buyer mortgages. Very interesting insights, including that FTBs are increasingly moving out of major cities amid record high house prices and the search for more space. www.ons.gov.uk/peoplepopula...
20.03.2025 15:45 — 👍 0 🔁 0 💬 0 📌 0
Housing Purchase Affordability, UK - Office for National Statistics
Ratios of house prices to annual disposable household incomes, by decile, for UK countries and English regions. Additional measures of housing affordability series.
ONS aren’t on Bluesky yet but we published this yesterday - shows that the average home in London isn’t ‘affordable’ for any household income decile. In 3 other regions, the ave. home is only ‘affordable’ to the top income decile 🏡
www.ons.gov.uk/peoplepopula...
10.12.2024 10:20 — 👍 0 🔁 0 💬 0 📌 0
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