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Shildon, UK, is now the most affordable town for families to buy a home, with a low house price-to-earnings ratio of 1.36.
Shildon, County Durham, has been named the most affordable town in the UK for families to buy a home, with a house price-to-earnings ratio of 1.36, according to Zoopla’s analysis of 300 towns.
The study, based on average three-bedroom home prices versus dual full-time earnings, found northern England, Scotland, and Wales dominated the top affordability rankings, with Cumnock and Ferndale also ranking highly.
The data highlights a stark regional divide, with northern areas significantly more affordable than southern England.
Rising mortgage rates due to global economic tensions have increased pressure on buyers, while Zoopla noted trade-offs like longer commutes may accompany lower prices.
Shildon, Reino Unido, es ahora la ciudad más asequible para que las familias compren una casa, con una baja relación entre el precio de la casa y las ganancias de 1.36.