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How house prices compare in Flintshire and Wrexham


PROSPECTIVE buyers in Wrexham have to spend more than five times their annual earnings on average to buy a home, figures reveal.
Each year, the Office for National Statistics calculates housing affordability by comparing the median house price in a local authority area to the median full-time annual income of people who live there.
The higher the ratio is, the less affordable homes are to buy.
The median – the middle number in a series – is used instead of the mean average to ensure the figures are not skewed by extreme highs or lows.
In Wrexham, the average house price was £155,000 and the average annual salary £28,990 in 2020. ....

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Has it ever been harder to get on the property ladder?


Government s Help to Buy policy for first time buyers began a new era on April 1
Banks poised to launch 95% mortgages backed by the state this month
But the Chancellor s stamp duty holiday has sparked a recent buying frenzy  
Proportion of first-time buyers fell 12%  between July and December on last year
Saving for a deposit is currently the biggest barrier to home ownership  ....

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Huge gap between earnings and house prices in Worcester - new report


House prices
The gap between average earnings and house prices in Worcester hit a record high last year.
Charities and housing professionals say a lack of new affordable homes has fuelled a national decline in affordability over the last two decades.
Each year, the Office for National Statistics calculates housing affordability by comparing the median house price in a local authority area to the median full-time annual income of people who live there. The higher the ratio is, the less affordable homes are to buy. The median – the middle number in a series – is used instead of the mean average to ensure the figures are not skewed by extreme highs or lows. ....

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First-time buyers' 95% boost | Craven Herald

First-time buyers' 95% boost | Craven Herald
cravenherald.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cravenherald.co.uk Daily Mail and Mail on Sunday newspapers.

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