Want to buy a home in the UK? You’ll need to earn £54,000 (on average)

Zoopla tallies income needed to buy in 20 UK cities, with London top at £84k and Liverpool lowest at £26k

First-time buyers now need an average income of £54,000 to buy a typical home in a UK city, though the good news for purchasers is that the priciest locations have become a little more affordable, according to new data.

This average income figure has risen 9% since 2016, when it stood at £49,900, largely down to higher house prices, says property website Zoopla.

Related: Brokenshire criticised for suggesting first-time buyers dip into pension

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Read the original at Economics | The Guardian.