South East still least affordable area

London & the South East dominate the least affordable areas, with mortgage payments in Kensington & Chelsea typically standing at 76.6% of disposable earnings.

Overall, mortgage payments have nearly halved as a proportion of income over the past 5 years from a peak of 48% seen in the autumn of 2007.


House prices feel the squeeze

House prices in the ITV Meridian region are likely to come under further downward pressure for the rest of 2012 from a widening gap as growth in the number of homes for sale outstrips potential buyers, a study said today.