The required income to buy a home has increased in recent years. But what does that mean in real numbers? And where is the most affordable place to buy in the UK?
Izabella Lubowiecka
Senior Property Researcher
Izabella is a senior property researcher at Zoopla with more than 5 years of experience in residential property.
Latest articles by Izabella Lubowiecka
A third of homes for sale are cheaper to buy than rent, with the average first-time buyer saving £93 a month on a mortgage instead of renting.
The supply of homes for sale has hit a five year high with 20% more homes on the market compared to this time last year.
The average rent in the UK is now £1,223 per month after 7.2% growth in the last year. The highest average rent in the UK is in London (£2,121) while the North East has the lowest monthly rent (£695).
Rents jumped 9% in the last year, adding £1,200 - a month’s worth of rent - to the average annual bill.
We’ve analysed house prices and local salaries in more than 1,000 towns. And the results are in: here are the most affordable places to buy a home in Britain.
Loading...