Regional house prices: affordability and income ratios
In 2011 the ratio of lower quartile house price to lower quartile earnings in England was 6.5. The highest ratios are found in London (9.0), the South East (8.2) and the South West (7.8).
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Briefing
This note provides data on the affordability of houses in England and Wales and house price to income ratios for regions of the United Kingdom.
In 2011 the ratio of lower quartile house price to lower quartile earnings in England was 6.5. The highest ratios are found in London (9.0), the South East 8.2) and the South West (7.8).
In 2010 the ratio of average house prices to average income of borrowers in the United Kingdom was 4.3. The highest ratios are found in London (4.7), the South East (4.7), the South West (4.5) and the East of England (4.5).
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