The average home in the North West cost £185,000 to buy in 2021
Homes in the North West are almost twice as unaffordable to buy as they were back in 1999, with the average household paying more than six times their annual disposable income for a house.
That means the average household has to spend 6.1 times their income to buy the average house. Back in 1999, the earliest date available, the average home cost just 3.6 times the average household’s income.Homes aren’t at their most unaffordable, however. In 2008, the time of the financial crash, the average home cost 6.7 times the average salary. Across England as a whole, the average household has to spend 8.7 times their income to buy the average house.
In the South East it’s 10.0 times the average, while in the East of England it’s 9.7. The average house in the South West costs 8.9 times. In the West Midlands it’s 7.5 times, in the East Midlands 6.8, in Yorkshire and the Humber 6.2, and in the North East it’s 5.5.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Permanent knife bin to tackle rise in North Yorkshire knife crimeThe bin will be installed in a Harrogate car park after an 80% rise in knife crimes in the county.
Read more »
Preston North End team news with Tottenham man in for his debut against Wigan AthleticPreston North End manager Ryan Lowe has handed out three debuts for his side’s first Championship game of the season against Wigan Athletic.
Read more »
Three teenagers killed and driver seriously injured in horror North Yorkshire crashThree teenagers have been killed and a driver was seriously injured in a horror crash in North Yorkshire.
Read more »
Tragedy as person hit by train in West LancashireMerseyrail reported on the incident as services were disrupted
Read more »
Player ratings: Wigan Athletic 0-0 Preston North EndPreston North End started off the new Championship campaign with a 0-0 draw with Wigan Athletic on Saturday.
Read more »
Play-off dream back on for Preston North End ahead of new Championship campaignThere is renewed optimism at Deepdale, dating back to the end of 2021 but certainly heightened by the arrivals of two new players this week.
Read more »