UK Among The Least Affordable Housing Markets in the World

Aerial view of London suburb
(Image credit: Getty Images)

The UK is one of the least affordable countries in the world to buy a home, new research shows. 

The findings from follow record increases in house prices in the UK over the past two years, attributable to government initiatives including the stamp duty holiday and new mortgage guarantee, as well as the ‘race for space’ which has seen more people looking for bigger properties following the move to working from home.

Jack Woodfield
News Editor

Jack has worked in journalism for 11 years and was the News Editor for Homebuilding & Renovating from 2019 until the beginning of 2023. He strives to break the most relevant and beneficial stories for self builders, extenders and renovators, including the latest news on the construction materials shortage and hydrogen heating. In 2021 he appeared on BBC's The World at One to discuss the government's planning reforms. 

He enjoys testing new tools and gadgets, and having bought his first home in 2013, he has renovated every room and recently finished a garden renovation.