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Purbeck listed in the top ten least affordable areas of rural England

By Mblazeby  |  Posted: August 19, 2014

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Purbeck: The average wage is dwarfed by the average property price

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Purbeck has been listed among the top ten least affordable areas of rural England, appearing at number eight.

The average house price in Purbeck is £273,586 in comparison to the average local earning of £17,846, a contrast which gives Purbeck an affordable ratio of 15.3.

In information gathered by the ONS, Purbeck house prices are 10-19 times greater than the average wage.

Consequently the average worker may have to put in a third of their salary into paying their mortgage which means it would take them roughly 60 years to pay it off in full.

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Sevenoaks in Kent, the Cotswolds and Chichester also appeared on the list whilst South Buckinghamshire, where property prices are twenty times the average local annual salary, topped the charts. 

Read more from Blackmore Vale Magazine

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