SMALL PARTY- Canonical source
- https://www.ons.gov.uk/peoplepopulationandcommunity/housing/bulletins/housingpurchaseaffordabilitygreatbritain/2023
- Publication date
- Access date
- Supported claim
- Housing affordability is a material problem: in 2023, a home in England cost 8.3 times average full-time annual earnings.
- Method note
- ONS compares house-price statistics with annual earnings from the Annual Survey of Hours and Earnings; this record uses its median affordability ratio.
- Assumptions and limitations
- The median ratio describes England overall and does not represent every household or local market.
- Full-time workplace earnings are an appropriate high-level comparator for purchase affordability.
- Confidence
- high