Property News · January 24, 2025

Chichester least affordable area outside London for first-time buyers, data shows


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…

Source : theguardian.com
Read more…Chichester least affordable area outside London for first-time buyers, data shows

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