Would-be homeowners could need to borrow more than 11 times the average income just to buy a house in some parts of Merseyside.
Homes across the country are nearly twice as unaffordable as they were just over twenty years ago. The dream of owning a home seems more out of reach in some areas than others, according to exclusive analysis of figures from the Office for National Statistics.
The average family needs to borrow 11.2 times the local average yearly income to afford a home in the Calderstones area of Liverpool, making it the least affordable area in the region. Across England and Wales, the average house cost roughly 8.9 times the average income in the year to September 2021, up from 5.1 times in the year to September 2002.
