In 2020, the most affordable area for first-time home buyers in the United Kingdom (UK) was Burnley with a low house price to average earnings ratio of 3.1, closely followed by East and North Ayrshire with a ratio of 3.2. This means that in these areas, the house price is a little over three times the first-time buyer earnings as of 2020.
The lower the ratio, the more affordable it is for the first-time buyers to afford a house in the mentioned district.
House price to average earnings ratios for first-time home buyers in most affordable areas in the United Kingdom (UK) in 2020, by district
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Lloyds Banking Group, & Halifax. (January 25, 2021). House price to average earnings ratios for first-time home buyers in most affordable areas in the United Kingdom (UK) in 2020, by district [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1250805/most-affordable-areas-first-time-buyers-uk-2020/
Lloyds Banking Group, und Halifax. "House price to average earnings ratios for first-time home buyers in most affordable areas in the United Kingdom (UK) in 2020, by district ." Chart. January 25, 2021. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1250805/most-affordable-areas-first-time-buyers-uk-2020/
Lloyds Banking Group, Halifax. (2021). House price to average earnings ratios for first-time home buyers in most affordable areas in the United Kingdom (UK) in 2020, by district . Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1250805/most-affordable-areas-first-time-buyers-uk-2020/
Lloyds Banking Group, and Halifax. "House Price to Average Earnings Ratios for First-time Home Buyers in Most Affordable Areas in The United Kingdom (Uk) in 2020, by District ." Statista, Statista Inc., 25 Jan 2021, https://www.statista.com/statistics/1250805/most-affordable-areas-first-time-buyers-uk-2020/
Lloyds Banking Group & Halifax, House price to average earnings ratios for first-time home buyers in most affordable areas in the United Kingdom (UK) in 2020, by district Statista, https://www.statista.com/statistics/1250805/most-affordable-areas-first-time-buyers-uk-2020/ (last visited November 18, 2024)
House price to average earnings ratios for first-time home buyers in most affordable areas in the United Kingdom (UK) in 2020, by district [Graph], Lloyds Banking Group, & Halifax, January 25, 2021. [Online]. Available: https://www.statista.com/statistics/1250805/most-affordable-areas-first-time-buyers-uk-2020/
