Map reveals locations where buying a home has become MORE affordable [Video]

THE locations where buying a home has become more affordable over the last year have been revealed.

If you’re a first-time buyer or looking to move up the property ladder, ever-rising house prices can feel daunting.

But new data from Halifax has shown that house affordability is actually improving – with wages outpacing the inflation of properties across the UK.

This means that among buyers, generally, buying a home has become slightly more affordable relative to income.

The data reveals that the average house price to earnings ratio is currently at 6.55, which is down from 6.62 last year.

The average house price-to-earnings ratio has been steadily reducing since it reached a peak of 7.24 in the summer of 2022, Halifax said.

According to Halifax, eight out of the 12 UK regions were seeing more affordable conditions as of this year.

These regions were:

• Eastern England – down 0.12
• East Midlands – down …