Conference paper Open Access

Understanding housing affordability to determine the best property search areas for homeowners moving out of London

Chi, Bin; Dennett, Adam; Oléron-Evans, Thomas; Morphet, Robin

In this paper we created a novel framework for understanding housing affordability in England using a linked house price dataset. Regional house price studies revealed that after the global economic crisis, there was an unprecedented regional house price divergence driven by faster price increases in London from 2009 onwards. To ease England’s resulting housing affordability issues, we consider the scenario of a typical London homeowner to offer a new insight into local housing affordability by different property type in England and explore the best property search areas for homeowners moving out of London.

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