House prices, First-time buyers, West Sussex, Housing market, Money, Property, Business, Nationwide, Mortgages, UK news, Real estate Business | The Guardian
Homes in the city cost 8.5 times the annual earnings of the typical full-time worker, Nationwide saysChichester is the least affordable area outside London for first-time buyers to get on the property ladder, with homes in the cathedral city costing an average of 8.5 times the annual earnings of the typical full-time worker in the area, according to figures from Nationwide.The building society said there had been a “modest improvement” in affordability across Great Britain over the past year, as wage rises had outpaced house price growth, and mortgage costs had fallen slightly. Continue reading…
Homes in the city cost 8.5 times the annual earnings of the typical full-time worker, Nationwide says
Chichester is the least affordable area outside London for first-time buyers to get on the property ladder, with homes in the cathedral city costing an average of 8.5 times the annual earnings of the typical full-time worker in the area, according to figures from Nationwide.
The building society said there had been a “modest improvement” in affordability across Great Britain over the past year, as wage rises had outpaced house price growth, and mortgage costs had fallen slightly.
