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UK Housing Affordability Improves as Prices Rise 2.4%

8/2/2025

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Summary

Story summary

Housing affordability in the UK is on the rise, with house prices climbing 2.4% in July and wages increasing by 5%. The average home now costs 5.75 times the typical income, a significant drop from 6.9 in 2022. Experts foresee stable prices ahead, fueled by relaxed mortgage rules and a boost in buyer confidence, despite lingering economic challenges.

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Story summary

Housing affordability in the UK is on the rise, with house prices climbing 2.4% in July and wages increasing by 5%. The average home now costs 5.75 times the typical income, a significant drop from 6.9 in 2022. Experts foresee stable prices ahead, fueled by relaxed mortgage rules and a boost in buyer confidence, despite lingering economic challenges.