Higher wages and holding property prices see New Town affordability rise | This is Money
Homes are more affordable in England and Wales's 'New Towns' than at any time since the financial crisis began in 2007, according to Lloyds TSB.
The £182,354 average price for a property in a New Town stands at 6.1 times gross annual average earnings (£29,794), below the national average of 6.9.
The improvement in affordability over the past five years comes not from falling house prices but an increase in average earnings, which across New Towns has risen by an average of 9 per cent.
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