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The ten least affordable areas are all in southern England. Camden is the least affordable local authority district in the country with average mortgage payments on a new loan accounting for 57% of average local earnings. Cambridge (51%) and Hammersmith & Fulham (50%) are the next least affordable. (Table 2)
Table 1: 10 Most Affordable Local Areas, 2012 Quarter 4----------------------------------------------------------------------------Local Authority District Region Mortgage Payments as % of Disposable Earnings----------------------------------------------------------------------------Copeland North West 14.9----------------------------------------------------------------------------West Dunbartonshire Scotland 17.6----------------------------------------------------------------------------Hyndburn North West 17.9----------------------------------------------------------------------------Renfrewshire Scotland 17.9----------------------------------------------------------------------------North Ayrshire Scotland 17.9----------------------------------------------------------------------------Kingston upon Hull, City of Yorkshire and The 18.0 Humber----------------------------------------------------------------------------South Ayrshire Scotland 18.0----------------------------------------------------------------------------North Lanarkshire Scotland 18.2----------------------------------------------------------------------------Glasgow City Scotland 18.3----------------------------------------------------------------------------South Lanarkshire Scotland 18.3----------------------------------------------------------------------------Table 2: 10 Least Affordable Local Areas, 2012 Quarter 4----------------------------------------------------------------------------Local Authority District Region Mortgage Payments as % of Disposable Earnings----------------------------------------------------------------------------Camden London 56.5----------------------------------------------------------------------------Cambridge East 50.5----------------------------------------------------------------------------Hammersmith and Fulham London 50.3----------------------------------------------------------------------------Mole Valley South East 50.1----------------------------------------------------------------------------Brent London 49.7----------------------------------------------------------------------------Oxford South East 49.4----------------------------------------------------------------------------Richmond upon Thames London 47.6----------------------------------------------------------------------------Harrow London 47.3----------------------------------------------------------------------------Chiltern South East 46.7----------------------------------------------------------------------------Haringey London 46.3----------------------------------------------------------------------------Table 3: Regional Affordability, 2007 Q3-2012 Q4----------------------------------------------------------------------------Region Mortgage Payments as % of Disposable Earnings ------------------------------------------------------ 2007 Q3 2012 Q4 Long-term average (1983-2012)----------------------------------------------------------------------------North 44 24 30----------------------------------------------------------------------------Yorkshire & the Humber 40 23 29----------------------------------------------------------------------------North West 40 23 30----------------------------------------------------------------------------East Midlands 44 26 34----------------------------------------------------------------------------West Midlands 48 29 37----------------------------------------------------------------------------East Anglia 44 27 36----------------------------------------------------------------------------South West 55 35 43----------------------------------------------------------------------------South East 56 34 48----------------------------------------------------------------------------London 56 36 43----------------------------------------------------------------------------Wales 47 27 32----------------------------------------------------------------------------Scotland 37 22 30----------------------------------------------------------------------------Northern Ireland 63 20 30----------------------------------------------------------------------------United Kingdom 48 28 36----------------------------------------------------------------------------
