In this year’s edition of our annual chart on housing affordability in the UK (you can see last year’s chart here), the average house price has continued to grow to more than five times earnings, while mortgage affordability has started to improve.
Chart of the Week: Week 30, 2014: UK Housing Affordability
This year, our annual chart on housing affordability shows quite a dramatic increase in the house price to earnings ratio, and unlike last year, mortgage affordability has also declined.