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Evening Standard
Evening Standard
Vicky Shaw

Housing affordability is back to similar levels seen pre-pandemic, says ONS

The ONS said Kensington and Chelsea is the least affordable local authority area, with homes there typically priced at 27.1 times average earnings last year (Jonathan Brady/PA) - (PA Archive)

Housing affordability in England and Wales has returned to similar levels seen before the coronavirus pandemic, helped by wages rising faster than property values, according to the Office for National Statistics (ONS).

But despite the improvements, property prices are still considered affordable in less than one in 10 local authority areas.

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