East Ayrshire emerges as Britain’s most AFFORDABLE area for first-time buyers

Business, News


East Ayrshire has been tipped as the most affordable place in the UK for people looking to get onto the property ladder, a new study has revealed.

The survey conducted by Nationwide Building Society measured the average first-time buyer house price to earnings ratios throughout all local areas across the UK, using Office for National Statistics (ONS) data.

In contrast, for Kensington and Chelsea, the typical house price is 16.8 times earnings, while for East Ayrshire it is at 2.3 times typical earnings.

The area’s current average house price is £131,532.

The most affordable areas after East Ayrshire are County Durham, North East Lincolnshire, Stoke-on-Trent, Great Yarmouth, Swindon, Dover and Bromley.

“In Wales and Scotland, the respective capital cities see strong demand for housing and have the highest house price-to-earnings ratios,” said Andrew Harvey, the lead economist for Nationwide.

, , ,


Similar Posts