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Here is the proportion of affordable districts for first-time buyers, by unaffordable districts:
- North East 100%, 0%
- North West, 97%, 3%
- Scotland, 93%, 7%
- East Midlands, 85%, 15%
- Yorkshire and The Humber, 82%, 18%
- Wales, 81%, 19%
- West Midlands, 73%, 27%
- East of England, 21%, 79%
- South East, 15%, 85%
- South West, 6%, 94%
- London, 0%, 100%
The findings suggested there could be an increase in first-time buyer numbers this year, although it would still be from a low level.
The study by the Halifax shows a widening North-South divide. London is the only region where there were no affordable areas found for would-be buyers on average earnings. By contrast, 100% of districts in the North East were within buyers' grasp.
A new study has found the share of UK towns and cities that are affordable to first-time buyers is at its highest in a decade. The Halifax found:
- Those taking their first step on the property ladder will find homes within their means in 54% of local authority districts
- It's the highest proportion since 2002 when 64% of districts were within buyers' reach
- The number is up from 40% a year ago
Latest ITV News reports
The share of UK towns and cities that are affordable to first-time buyers is at its highest in a decade.