Tuesday, 5 February 2019

Buying House In UK City At Least Affordable Level Since 2007


City living is at its least affordable levels for home buyers since 2007, a report suggests. The average house price in a UK city in 2018 equated to 7.2 times average annual earnings – making the cost of buying a home the least affordable since 2007 when buyers had to fork out 7.5 times their income typically, Lloyds Bank found. The average home in a city cost £248,233 while average full-time earnings stood at £34,366. Lloyds found seven cities where the average house price tops 10 times earnings -Oxford, Chichester, Winchester, Truro, London, Bath and Cambridge. Read more on the Belfast Telegraph website.


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