The price-to-earnings ratio for first-time buyers in the United Kingdom was the highest in London and the lowest in Scotland in the fourth quarter of 2024. In London, the average house bought by first-time buyers was about 8.4 times higher than the mean gross earnings in the region. In Scotland, this figure amounted to 3.16.
Ratio of first-time buyer house price to mean gross earnings in the United Kingdom (UK) in 4th quarter 2023, by region
The figures have been calculated as the ratio of Nationwide FTB house prices to the mean gross earnings in each region. Earnings data refers to full-time workers on adult rates and is sourced from the ONS Annual Survey of Hours & Earnings. The source has extrapolated the data after the last annual observation using average growth rates.
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Nationwide. (February 15, 2024). Ratio of first-time buyer house price to mean gross earnings in the United Kingdom (UK) in 4th quarter 2023, by region
[Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/1250372/first-time-buyer-price-to-earnings-ratio-uk-by-region/
Nationwide. "Ratio of first-time buyer house price to mean gross earnings in the United Kingdom (UK) in 4th quarter 2023, by region
." Chart. February 15, 2024. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/1250372/first-time-buyer-price-to-earnings-ratio-uk-by-region/
Nationwide. (2024). Ratio of first-time buyer house price to mean gross earnings in the United Kingdom (UK) in 4th quarter 2023, by region
. Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/1250372/first-time-buyer-price-to-earnings-ratio-uk-by-region/
Nationwide. "Ratio of First-time Buyer House Price to Mean Gross Earnings in The United Kingdom (Uk) in 4th Quarter 2023, by Region
." Statista, Statista Inc., 15 Feb 2024, https://www.statista.com/statistics/1250372/first-time-buyer-price-to-earnings-ratio-uk-by-region/
Nationwide, Ratio of first-time buyer house price to mean gross earnings in the United Kingdom (UK) in 4th quarter 2023, by region
Statista, https://www.statista.com/statistics/1250372/first-time-buyer-price-to-earnings-ratio-uk-by-region/ (last visited November 17, 2024)
Ratio of first-time buyer house price to mean gross earnings in the United Kingdom (UK) in 4th quarter 2023, by region
[Graph], Nationwide, February 15, 2024. [Online]. Available: https://www.statista.com/statistics/1250372/first-time-buyer-price-to-earnings-ratio-uk-by-region/
