Article 4J1GF Want to buy a home in UK? You need to earn £54,000 on average

Want to buy a home in UK? You need to earn £54,000 on average

by
Rupert Jones
from Economics | The Guardian on (#4J1GF)

Zoopla finds London buyers must be paid 84,000 while Liverpool requires 26,000

First-time buyers now need an average income of 54,000 to purchase a typical property in a UK city, but the priciest locations have become a little more affordable, according to the latest data.

This average income required has risen by 9% since 2016, when it was 49,900, largely down to higher house prices, said the property website Zoopla.

Related: Brokenshire criticised for suggesting first-time buyers dip into pension

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments