Skip to content
Home / housing / House price to earnings ratio

House price to earnings ratio

Ratio of average house price to average annual earnings — the primary measure of housing affordability.

7.1×
-1.4% vs 2024

As of 2025

Historical trend

Trend summary

House price to earnings ratio was 7.1× in 2025, down from 7.2× in 2024.

Trend

  • Over the available record (2000–2025), it has ranged from 5.1× in 2000 to 8.1× in 2022.
  • The latest reading is above the record average of 7.0×.

Context

  • Calculated as UK average house price (ONS/Land Registry) divided by whole-economy average weekly earnings (ONS AWE, seasonally adjusted) multiplied by 52.
  • This measure uses gross (pre-tax) earnings; affordability on a take-home-pay or mortgage-payment basis differs.

Generated from the published series — describes direction, magnitude and range only, with no editorial judgement or forecasts.

OECD comparison

🇩🇪 Germany
6.8 x
🇬🇧 United Kingdom
7.1 x
🇺🇸 United States
7.1 x
🇫🇷 France
9.2 x
🇨🇦 Canada
11 x
🇦🇺 Australia
12 x

About this indicator

Source
ONS
Update frequency
Annual
Last updated
3 August 2026
Next update
3 August 2027
Licence
OGL v3
Direction
↓ Falling

Statistics

Latest
7.1×
Period high
7.2×
Period low
7.1×
Period average
7.2×