The percentage of first-time buyers’ household income going on mortgage payments
What this really shows is not house prices, but pressure. Affordability is about monthly cost, which varies across the UK. In London and the South, first-time buyers can spend over half their income on housing, while elsewhere it is far lower. To learn more please read on..
What this really shows is not house prices, but pressure.
Because affordability is not about what a home costs, it is about what it costs you each month. And when you look at it through that lens, a very clear pattern emerges across the UK.
In London, first time buyers are committing over half of their household income just to their mortgage. The South East and South West are not far behind. Yet as you move further north, that burden eases, with many regions sitting closer to a fifth to a third of income.
That gap tells a bigger story. It reflects demand, wages, supply, and the simple fact that there is no single UK property market, only a collection of local ones behaving very differently.
If you would like to chat about what is happening in the Attleborough property market, or how these trends affect you, feel free to get in touch.