The study by a property loan company compares average house prices with average salaries
A new study by property loan experts Buzz Capital has ranked the county's boroughs based on the disparity between average property prices and average annual salary.
Using the website Rightmove to identify the average cost of housing in Merseyside's boroughs, they then used the data visualisation site Plumplot to identify the average wage in all five boroughs. To determine the disparity between the average wage and the average cost of the property, they divided yearly earnings by house price and multiplied this by one hundred.
According to the study, the most affordable borough is Sefton where, over the past year, properties have sold for £151,980 on average. The average annual salary in Sefton, meanwhile, is £34,700, which equates to 22.8% of the average property price. The Wirral came in last place with an average salary of £36,300 and an average house price over the last year of £221,592. The average salary equates to 16.4% of average property price.Don't miss the biggest and breaking stories by signing up to the Echo Daily newsletter here
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