Kensington and Chelsea was the least affordable area to buy a home in London, England in 2022, followed by Westminster. Prospective home buyers in Kensington and Chelsea would have to spend over 34 percent of the median income to buy a median priced property. On the other end of the scale were Barking and Dagenham and Bexley where the price to income ratio was about 10 percent. These were also the areas with the lowest house price.
Ratio of house prices to incomes across London, England, in 2022, by area
The source adds the following information: "The 'median' property price/income is determined by ranking all property prices/incomes in ascending order. The point at which one half of the values are above and one half are below is the median."
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Mayor of London. (January 17, 2024). Ratio of house prices to incomes across London, England, in 2022, by area [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/762983/ratio-of-house-prices-to-incomes-in-london/
Mayor of London. "Ratio of house prices to incomes across London, England, in 2022, by area." Chart. January 17, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/762983/ratio-of-house-prices-to-incomes-in-london/
Mayor of London. (2024). Ratio of house prices to incomes across London, England, in 2022, by area. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/762983/ratio-of-house-prices-to-incomes-in-london/
Mayor of London. "Ratio of House Prices to Incomes across London, England, in 2022, by Area." Statista, Statista Inc., 17 Jan 2024, https://www.statista.com/statistics/762983/ratio-of-house-prices-to-incomes-in-london/
Mayor of London, Ratio of house prices to incomes across London, England, in 2022, by area Statista, https://www.statista.com/statistics/762983/ratio-of-house-prices-to-incomes-in-london/ (last visited November 21, 2024)
Ratio of house prices to incomes across London, England, in 2022, by area [Graph], Mayor of London, January 17, 2024. [Online]. Available: https://www.statista.com/statistics/762983/ratio-of-house-prices-to-incomes-in-london/
