Housing affordability
March 30, 2015
After a number of years of the housing market favouring buyers rather than sellers, there are now clear indications this spring that sellers are gaining the upper hand. Recent research is showing that Housing affordability has deteriorated to 2009 levels on the back of strong property price growth, according to Loyds Bank the average home in a British city now costs £195,107 or 6.1 times typical annual earnings before tax.
The group blamed the affordability deterioration on the strong house price growth seen during the past year, with average house prices rising by 7 per cent. The price growth has stalled more recently along with the sales market as the election looms ever closer, normally in the run up to Easter the market would be picking up as spring buyers make their appearance, such buyers are a little more cautious this year waiting for the outcome of election before commiting themselves.
It has been reported that Oxford is the least affordable city with the average house costing nearly 11 times typical local earnings, Greater London is the seventh least affordable city , this across the board figure however disguised considerable variation throughout the capital.
You May Also Enjoy
Dolphin v Beauchamp Estates v Hudsons – Elite Apartment Rental Options in London SW1
London has long been known as a potpourri of diverse cultures, lending it a whimsical charm while being a major global hub. Renowned for its juxtaposition between modernity and royal heritage, it’s a unique blend of ancient landmarks and contemporary living. You’ll find avant-garde architecture sitting comfortably alongside historic streets and vibrant neighbourhoods. While the…
Read More 
Stay secure this Christmas: Home security tips for high-value homes
High value home insurance specialists, Stanhope, are warning homeowners to be especially careful this Christmas. “It’s a busy time for everyone, including burglars,” says Director, Matthew Ashton, who highlights why high value homes are particularly vulnerable and what to do about it. “High value homes are easy to identify thanks to tell-tale signs of wealth…
Read More 
Six months on: How the new anti money laundering regulations are reshaping the lettings market
Six months have passed since the anti-money laundering (AML) rules came into effect, bringing mandatory financial sanctions checks into every area of the lettings market. When the changes were first introduced, many landlords were surprised by the breadth and immediacy of the requirements. Half a year on, the sector is now seeing how the industry…
Read More 
Private rent and house prices, UK: December 2025
Main Points Average UK monthly private rents increased by 4.4%, to £1,366, in the 12 months to November 2025 (provisional estimate); this annual growth rate is down from 5.0% in the 12 months to October 2025. Average rents increased to £1,422 (4.4%) in England, £820 (6.1%) in Wales, and £1,012 (3.3%) in Scotland, in the…
Read More 
Breaking Property News 17/12/25
Daily bite-sized proptech and property news in partnership with Proptech-X. How to get Proptechs from MVP to EXIT Reporter Zara S. Proptech has spent years trying to prove its relevance to the property industry. New platforms appear daily, capital flows in cycles, and “disruption” is promised more often than it is delivered. What is far less…
Read More 
Why Real Estate Pros Should Care About the RoHS Directive in Smart Home Tech
Some of the tasks that real estate pros perform nowadays include negotiating and posting, and checking houses on property listings. You also have to deal with buyers who expect “smart-everything,” landlords who want long-term reliability, and tenants who care about safety and sustainability. In the middle of these expectations, there’s rohs directive. Why should you…
Read More