East Ayrshire has the most affordable housing in Scotland with an average salary of £24,700 and house prices averaging £90,371 – the cost of buying a home in the local authority area is 3.66 times the average wage.
Edinburgh is the lowest in the affordability stakes. Annual salaries in the capital average £30,800, while the average house price is £227,928 – giving a wage to price ratio of 7.4.
Across Scotland, the affordability count comes in at 5.07.
In upmarket Kensington and Chelsea wages average £123,000 per annum. But, based on a mortgage approval rate of 4.5 times annual salary, an aspiring home-owner would actually require a wage of £285,086 to raise the £1,425,428 needed to buy the average house.
However, it is in poorer areas of London that houses are least affordable. Worst is Hackney where wages and house prices average £33,800 and £575,511, respectively. This means that house prices are 17.03 times the average salary .
The emoov research is based on a single purchaser putting down a 10 per cent deposit.
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