Britain show record 2020 Britain

House price calculator reveals how affordable homes are where you live - as market soars

Reading now: 152
www.mirror.co.uk

People in some parts of Britain would need to borrow nearly 92 times the average income to be able to afford a house, data shows.

Analysis of government figures has revealed just how unaffordable homes across England and Wales have become - as the "frenetic" market continues to soar.

One neighbourhood in the Knightsbridge, Belgravia and Hyde Park area of London would see the average family needing to borrow 91.7 times the local average yearly income to afford a home.

This makes it the least affordable area in the county. The average net household income in the plush neighbourhood is an estimated £35,013 a year, but the average house sold for a whopping £3.2 million in the year to September 2020. You can see house prices in your

Read more on mirror.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA