A low-income household in London could expect to spend 40 years of their salary when buying an average-priced home in the capital, a new index from the Office for National Statistics (ONS) has found.
The data, released on 28 July as part of the Housing Purchase Affordability in Great Britain 2021, also found that the average home sold in England for the financial year ending March 2021 cost the equivalent of 8.7 times the average annual disposable household income.
