UK housing buyers have it easy!
Nine years’ salary earnings needed to buy a property

The UK housing market may be at record levels but buyers have it easy compared to many other European countries.

Research by Properazzi revealed that the average gross earnings needed to buy a property in the UK stands at the equivalent of nine years’ salary.

Despite having one of the highest average property prices in Europe, the UK also enjoys strong salary levels and compares favourably to countries such as Ireland, Spain, Portugal, Belgium and Bulgaria.

The nations where buying property is most affordable according to the index are Denmark, Sweden and Finland.

It would take just 5.3 years’ salary to afford the average-priced house in Denmark, compared to 15.6 in Poland and 29.0 in Bulgaria.

If you would like to find out more, please email or contact us for further information.

This article is for your general information and use only and is not intended to address your particular requirements. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without appropriate professional advice after a thorough examination of their particular situation. Your home may be repossessed if you do not keep up repayments on your mortgage.

Article date: 09.07