Latest News

Help improve printer data security with detection and response tools

15 August 2019

Recent articles released worldwide, and GDPR legislation throughout Europe, have highlighted the fact that today’s printers should be treated no differently than any other IT peripheral. Read More...

Brexit takes hold of buy-to-let market says auctions show star

09 August 2019

Martin Roberts, Homes Under the Hammer presenter says the amount of auction lots is decreasing thanks to Brexit, making his job harder. Read More...

GDPR – One year on: stay focused

05 August 2019

One year in and complaints to the regulators are nearing 200,000 and reported breaches are over 85,000. Are we all still being successful in protecting the data of your applicants and vendors? Read More...

Emson raises £19m at most recent sale

02 August 2019

A former school building in Canterbury was one of the highlights of NAVA Propertymark members, Clive Emson Land and Property Auctioneers summer auction – selling for £850,000 after a bidding war. Read More...

Regulation of Property Agents Working Group (R0PA) report to Government

18 July 2019

Today, Thursday 18 July 2019, the Ministry for Housing, Communities and Local Government (MHCLG) released a report on the recommendations of the Regulation of Property Agents Working Group (RoPA) proposing a new regulatory framework to cover estate agents across the UK and letting and managing agents in England only. Read More...

Most affordable homes in England and Wales

Wednesday 22 May 2019

As an auctioneer, the price of properties across England and Wales may be of interest to you, if so the latest data from the Office of National Statistics has revealed where the most affordable places are to buy a home.

The data shows that across England and Wales the affordability ratio has shown little change year on year with the average property costing 7.8 times the available wage in 2008. However, while housing affordability remains a big issue, the diversity of the UK property market means that there are a whole host of areas where the gap is much smaller.

Copeland is currently the best place in England and Wales to get a foot on the ladder and, with an affordability ratio of 2.5, it is just over three times cheaper than the national average and over 17 times more affordable than the worst area Kensington and Chelsea.

Barrow-in-Furness, Blaenau Gwent, Neath Port Talbot, Pendle, Merthyr Tydfil and Burnley area are also home to an affordability ratio where house prices are less than four times the average wage. Knowsley, Derby and Hyndburn complete the top ten more affordable areas in the UK where getting a foot on the ladder is concerned.

Shepherd Ncube, Founder and CEO of Springbok Properties commented: “Housing affordability is a very hot topic and the consistent escalation of house prices coupled with the slower rate of wage growth, means that, for many, the aspirations of owning their own home continues to move further out of reach. However, our property market is a diverse one and amongst the many layers that form it there are 140 pockets of affordability offering a below-average house price/wage ratio.

“Of course, wider economic factors such as job availability have a part to play but this aside, these areas offer hope to those wishing to shed the shackles of the rental sector. By doing your homework, you can uncover hidden gems of property affordability dotted all over England and Wales.”

Most affordable areas to buy in England and Wales:

Area 

House price/ affordability ratio

Copeland

2.5

Barrow-in-Furness

3.53

Blaenau Gwent

3.59

Neath Port Talbot

3.6

Pendle

3.65

Merthyr Tydfil

3.78

Burnley

3.99

Knowsley

4.11

Derby

4.26

Hyndburn

4.35

England and Wales

7.8