England and Wales

Data from Land Registry, ONS, Bank of England

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Avg. price

£285,111

↑ +1.2% YoY

Affordability

7.55x

price-to-earnings

Avg. rent

N/A

Market outlook for England and Wales

Key indicators for buyers

Prices stable+1.2% YoYRelatively stable market

Moderate7.5xImproving from 8.9x in 2021

Rates favourable3.97%2yr fixed, 75% LTV

Market quiet-6% YoYLess competition

The England and Wales market looks favourable for buyers. Affordability has improved from a peak of 8.9x in 2021 to 7.5x today.

Price trends

Average sale prices · HM Land Registry / UK HPI

£285,111

↑ +1.2% YoY

Affordability ratio

House price ÷ median earnings · ONS data

7.55x

price-to-earnings

A home in England and Wales costs 7.5x the local median salary — moderate, improving from a peak of 8.9x in 2021.

Monthly mortgage

2yr fixed · 75% LTV · 25yr term · BoE avg. rate

£1,125

per month at 3.97%

LTV

Term

Deposit (25%)

£71k

Stamp duty

£2k

Based on the average England and Wales price of £285,111 with a 25% deposit (£71k), a 2-year fixed mortgage at 3.97% costs around £1,125 per month.

Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions