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 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

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