Gap Between Affordable House Prices Widens
Gap Between Affordable House Prices Widens
The gap between the most and least affordable homes in the UK is widening, according to the Office for National Statistics (ONS).
The average house price in the City of Westminster was £875,000 in 2014, while the average annual salary was £36,519.
Contrastingly, the average house in Blaenau Gwent, south Wales, was worth £75,000, which is just four times the average wage of £18,709 per year, making it the most affordable place to live.