House prices have become more affordable in relation to salaries, data from Lloyds Banking Group shows.
The average home now costs 7.3 times the average household income, down from 7.6 a year ago, Lloyds said.
The ratio has reached its lowest level since 2015, driven by slow house price growth.
Nationally, the average property price edged up 0.5 per cent in the past year, to £299,131, while average earnings increased by 4.5 per cent to £40,790, narrowing the gap.
For first-time buyers, homes now cost less than six times earnings, falling from 6.1 to 5.9.
Conventionally unaffordable regions have seen some of the largest improvements in
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