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For this campaign, we identified that housing affordability was a topic that resonated with many journalists. We assigned a data analyst to provide us with unique data for the campaign.
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This study evaluated housing affordability across 325 areas in England, Scotland, and Wales.
Each area received a normalized score out of 100 based on several factors. The overall performance of each area was calculated by combining these individual scores with specific weights assigned to each factor, reflecting their importance. This process yielded a composite score for each area, ranging from 40 to 85, providing a more realistic assessment for readers.
The final dataset only includes the actual values for each feature, not the individual weighted or normalized scores.
The criteria used are as follows:
Average House Price (January 2024) This indicates the average cost of purchasing a property in each area. Data was sourced from the GOV.UK House Price Index.
Percentage of Average House Price Change Since 2020 This factor captures the percentage change in average house prices from 2020 to January 2024, providing insights into market trends and price stability. Data was sourced from the GOV.UK House Price Index.
House Price to Couples Earnings Ratio This ratio, calculated by dividing the average house price by the median annual earnings for couples, measures housing affordability relative to local income levels. Median income data was sourced and processed from ONS employee earning data.
Average Council Tax The average council tax for each area, covering all bands from A to I, was considered as an ongoing cost impacting overall housing affordability. Data was sourced from completelymoved.co.
The scores were adjusted to range from 40 to 85 to provide more realistic-looking results. The weights assigned to each feature, which involve some subjectivity, are as follows:
| Feature | Weight |
|---|---|
| Average House Price | -0.5 |
| Percentage of Average House Price Change Since 2020 | -0.2 |
| House Price to Couples Earnings Ratio | -0.2 |
| Average Council Tax | -0.1 |
This weighted approach ensures a comprehensive assessment of housing affordability in each area.
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DLM Marketing - FZCO Trading As Cupid PR - Dso Ifza, Ifza Properties, Dubai Silicon Oasis, إمارة دبيّ, United Arab Emirates
