Homes getting cheaper in Wrexham for key workers

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HOMES in Wrexham have become more affordable to certain workers than in any other town since prices peaked, new research claims.

Halifax says key public sector employees have seen the towns in which they can afford to buy soar more than 10-fold in recent years.

Nurses, teachers, police officers, fire fighters and paramedics can now buy homes in 38 per cent of UK towns, compared with just three p er cent in the third quarter of 2007.

And the research says affordability has increased most in Wrexham, where the average house price to key sector worker earnings ratio has fallen from 6.2 to 3.7.

Property prices, however, remain out of reach for key workers on average salaries in 62 per cent of towns – and the bank says affordability is still significantly worse than it was 10 years ago.

London and the South East are the least affordable regions for key workers, with homes costing 7.1 times and 6.7 times average salaries respectively.

See full story in the Leader

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