English Homes Most Affordable Since 2015, Deposit Hurdle Remains

Housing affordability in England is at its most favourable in a decade as strong wage growth coincided with a sluggish property market, providing relief for homebuyers. Rising wages have boosted purchasing power while subdued market dynamics have kept prices/transactions soft, suggesting potential for increased activity but not implying imminent sharp price appreciation.

Analysis

Housing affordability in England is at its most favourable in a decade as strong wage growth coincided with a sluggish property market, providing relief for homebuyers. Rising wages have boosted purchasing power while subdued market dynamics have kept prices/transactions soft, suggesting potential for increased activity but not implying imminent sharp price appreciation.