independent.co.uk
Britain's Most Affordable Towns Revealed
Zoopla identifies Britain's most affordable towns, highlighting affordability challenges and the impact on homebuyers' choices.
English
United Kingdom
Labour MarketLifestyleEconomicsReal EstateHousingAffordabilityRegional Disparities
ZooplaNaea (National Association Of Estate Agents)Santander Uk
Izabella LubowieckaToby LeekGraham Sellar
- Which London borough offers the most affordable housing option?
- In London, Croydon is the most affordable borough, but still significantly higher than the national average at 4.7 times local incomes.
- How does the NAEA view the issue of affordability in the housing market?
- The National Association of Estate Agents (NAEA) notes that affordability is a major issue impacting homebuyers, influencing their choices and flexibility.
- What is the average house price to income ratio for single buyers in Britain?
- The study highlights affordability challenges, especially for single buyers, who face paying 7.6 times their annual income for a home nationwide.
- What are the two most affordable towns in Britain according to Zoopla's study?
- Zoopla's study reveals Cumnock and Shildon as Britain's most affordable towns for two-income households, with house prices 1.1 times average earnings.
- What percentage of potential first-time buyers would consider moving to New Towns, and why?
- Santander UK's research indicates that nearly three-quarters of potential first-time buyers would consider moving to New Towns due to affordability concerns.