"Figure 2: Prospective first-time buyer affordability ratios","" "London and North East, 1999 to 2017","" "","" "Notes","1. Prospective affordability ratios were calculated by dividing lower quartile house prices by median gross annual workplace-based earnings for full-time workers aged 22 to 29 years." "Unit","Affordability ratios" "","" "Year","North East","London" "1999","2.46","3.89" "2000","2.41","4.29" "2001","2.3","4.76" "2002","2.23","5.24" "2003","2.58","6.19" "2004","3.49","6.67" "2005","4.25","7.11" "2006","4.83","7.14" "2007","4.94","7.54" "2008","4.82","7.97" "2009","4.32","7.15" "2010","4.42","7.46" "2011","4.34","8.05" "2012","3.99","8.08" "2013","5.58","9.75" "2014","5.55","10.44" "2015","5.78","11.36" "2016","5.53","12.64" "2017","5.46","13.03"