House price growth over the past six years has been described as spectacular by some close to the UK housing market. House owners have enjoyed higher value of the homes they are living in for some time. The same cannot be said of wage growth over the same period. This has created an imbalance between first time, young buyers and the market which they want to be a part of. It has also however highlighted the value in buy to let, which continues to grow in demand despite stellar property price growth.

Buy to let property remains in high demand even though affordability for many is being challenged by continued increases in prices.

The average UK home now sits at a price point which is seven times the average annual salary. This disparity has created massive issues for those who not only want to reach the first rung of the property ladder, but for those who want to own buy to let property. It has not however completely stopped demand for those looking to purchase buy to let. Demand has remained strong with not only increasing prices in mind, but new tax restrictions as well.

Many housing specialists have predicted a North-South divide to occur in the coming months. That divide outlines specific cities which have become more or less affordable for those seeking property there.

Currently, the most affordable city in the UK is Stirling, Scotland. Property prices in Stirling sit at 4 times the level of earnings. The least affordable city has been noted as Oxford. Prices of property there are at 11.5 times the earning level.