House prices 8.3 times the average annual salary
In 1997, it was recorded that 89% of local authorities had an affordability ratio of less than five times workers’ earnings, whereas only 7% had this of affordability in 2022
The Office for National Statistics (ONS) has revealed that in 2022, full-time employees in England could expect to spend roughly 8.3 times their annual earnings buying a home.
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