Buckinghamshire named among the UK’s least affordable places to buy a home

Homebuyers in Buckinghamshire face one of the widest gaps between property prices and local earnings in the UK, according to new research.

placeholder image — Buckinghamshire named among the UK’s least affordable places to buy a home | Source: Unsplash

A ranking by Liberty Home Products compared average house prices and annual income across 67 UK cities and areas to reveal where homes are most affordable relative to local salaries.

Buckinghamshire ranks 64th overall, with an average home price of £480,000 and annual income of £43,290.

This gives the county an average house price-to-income ratio of 11.09, meaning the typical property costs more than 11 times local annual earnings.

Buckinghamshire sits among some of the least affordable areas in the study.

Nearby Oxford ranks 63rd, with an average home price of £472,000 and annual income of £43,289, giving it a ratio of 10.90.

St Albans ranks 65th with a ratio of 11.27, while London places 66th at 11.85.

Milton Keynes is considerably more affordable by comparison, ranking 51st with an average property price of £330,000 and annual income of £41,389, producing a ratio of 7.97.

At the opposite end of the ranking, Aberdeen City is the most affordable location, with an average home price of £131,000 and annual income of £40,020, giving it a ratio of just 3.27.

Carlisle ranks second at 4.03, followed by Dundee City at 4.22 and Kingston upon Hull at 4.33.