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‘Encouraging signs’ but housing affordability remains stretched despite wage growth
2 October 2026
The average UK home costs the equivalent of 7.3 times average earnings, down from 7.6 a year ago and the lowest level since 2015. Nationally, the average property price increased by +0.5% over the last year, to £299,131, while average earnings rose by +4.5% to £40,790, narrowing the gap between average house prices and earnings leading to hopes of an

‘Encouraging signs’ but housing affordability remains stretched despite wage growth
2 October 2026
The average UK home costs the equivalent of 7.3 times average earnings, down from 7.6 a year ago and the lowest level since 2015. Nationally, the average property price increased by +0.5% over the last year, to £299,131, while average earnings rose by +4.5% to £40,790, narrowing the gap between average house prices and earnings leading to hopes of an


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