Private renters on a median household income could expect to spend 26% of their income on a median-priced rented home in England, compared with 23% in Wales and 25% in Northern Ireland, in the financial year ending March 2022.
London was the least affordable region and the only region above a 30% affordability threshold, with a median rent of £1,450 being equivalent to 35% of median income.
In all but two regions of England, a low rent (the lowest 25%) cost more than 30% of a low privately renting household income.
Average UK house prices decreased by 0.1% in the 12 months to September 2023 (provisional estimate), down from an increase of 0.8% (revised estimate) in the 12 months to August 2023.
The average UK house price was £291,000 in September 2023, which was little changed from 12 months ago but above the recent low in March 2023.
Average house prices over the 12 months to September 2023 decreased in England to £310,000 (negative 0.5%), decreased in Wales to £215,000 (negative 2.7%), and increased in Scotland to £195,000 (2.5%).
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A brief overview of average (median) house prices using estimates from the sale prices of residential properties in England and Wales between 1995 and 2013. We look at the trends and features of average house prices paid over this period for 3 different geographies: local authorities, parliamentary constituencies and middle layer super output areas (MSOAs).