Wales Least Affordable for First-Time Buyers

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Skipton Group Home Affordability Index Report

BBC

•

Business

Business & Economics

Wales least affordable part of Britain for first-time buyers

Summary

Nutrition label

85% Informative

Six out of the 10 least affordable areas of Britain were in Wales , report finds.

Ceredigion and Powys were found to be the least affordable for first -time buyers.

Less than 3% of potential buyers living in the area can afford to buy, report says.

The Welsh government says it understands the difficulties facing first time buyers.

A spokesperson said: "In December , we launched the extension of our Help to Buy Wales scheme which has helped more than 14,500 people who could not afford to buy a home. " Our Self Build Wales scheme also creates opportunities for people to build homes through loan funding for land and development costs.".

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful