Finding a place to buy that doesn’t break the bank is a struggle, especially if you’re flying solo. New research shows just how tough it is for single buyers to get on the property ladder.

Brace yourselves, because it’s not looking good. A new report by mortgage experts Alexander Hall reveals that only 8% of areas in the UK are considered “affordable” for single buyers. This means that in 92% of the country, the average house price is simply too high for someone on an average salary to afford.

So, how did they work this out?

They looked at the average income in each area and compared it to the average house price. To be considered “affordable,” your mortgage repayments shouldn’t be more than 4.5 times your income. And sadly, for most single buyers, this just isn’t the case.

Where can single buyers still afford to buy?

Scotland takes the crown for affordability, with 35% of its areas deemed doable for solo buyers. Next up is the North East (33%), followed by:

• North West (17%)
• Wales (14%)
• Yorkshire and the Humber (13%)
• West Midlands (3%)

The South East, where London sits, is a whole different ball game. Even with two average salaries, buyers can only afford homes in 30% of the areas.

What about couples?

Things look a bit brighter for couples. With two incomes, 82% of areas across Britain become affordable.

Is there any hope for single buyers?

Stephanie Daley, a bigwig at Alexander Hall, says that even though house prices are still sky-high, lenders are coming up with new ways to help people get on the property ladder. Some lenders are now offering mortgages that allow borrowers to borrow up to 5.5 times their income.

So, while it’s undeniably tough out there, don’t give up on your dream of owning a home just yet!