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10 most affordable places to buy a property in Britain revealed by Zoopla
13 Mar 2021, 15:13
Updated: 13 Mar 2021, 17:02
PROPERTY website Zoopla has revealed the most affordable places to buy a home in Britain.
The list isn’t just based on house prices, as it also combines average earnings in each area.
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Zoopla has rounded up the ten most affordable areas to buy a property
By combining these two bits of information, Zoopla has then worked out how affordable it is to own a property in that area.
It may come as no surprise that the most affordable towns are clustered around Scotland and the North West of England.
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Innovations in affordable homeownership
Robin Fieth, chief executive of the Building Societies Association (BSA), reflects on steps taken to make homeownership more accessible and what plans are in place to narrow the affordability gap going forward
A recent independent report has concluded that the government needs to address the affordable home ownership ‘gap’ if it wants to reverse the decline in home ownership.
The report,
‘Thinking outside the box. Exploring innovations in affordable home ownership’ is written by Christine Whitehead and Peter Williams from the London School of Economics. It was funded by the Building Societies Association and the UK Collaborative Centre for Housing with the objective to gain a better understanding of affordable home ownership, its barriers and growth potential.