Interactive map shows homes now cost EIGHT times salary… so how does your area compare over the last 20 years?
Recently released figures from the Office of National Statistics (ONS) lay bare the crippling effect of house prices rising higher than wages
THE average home in England and Wales will cost the a full-time worker 7.8 times their salary, according to new stats.
Recent figures from the Office for National Statistics (ONS) shows the crippling effect the housing crisis has had over the past two decades.
A whopping 69 local authorities in England and Wales found housing prices had worsened significantly over the past five years, with those living in London and the South East bearing the brunt.
New figures dubbed Copeland, in the North West of England the most affordable local authority to live in with the average house prices accounting for 2.7 times average incomes.
At the other end of the scale property in London's Kensington and Chelsea averaged 40.7 times the average UK income.
Test out on the interactive map below to see how house prices compare to local wages in your area.
Workplace-based housing affordability worsened in England between 2016-17 while Wales saw no significant changes.
The ONS found wannabe homeowners would be looking at spending 9.7 times their average income on a newly-built property and 7.6 on an existing bricks and mortar.
In 1997, the average home in England and Wales cost 3.55 times average earnings - compared to 7.8 today.
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Today's house prices are even more expensive than they were in the peak of the Noughties property boom where Brits faced with homes 7.2 times their earnings.
Despite the crippling costs of owning a home one couple were able to buy a £220,000 home before turning 21 without the bank of mum and dad.
Another couple bought their £235,000 home aged 23 on the back of one big sacrifice.
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