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A balanced seesaw with a house on one side and coins on the other

‘Encouraging signs’ but housing affordability remains stretched despite wage growth

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

A balanced seesaw with a house on one side and coins on the other

‘Encouraging signs’ but housing affordability remains stretched despite wage growth

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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