The extent to which something is affordable, as measured by its cost relative to the amount that the purchaser is able to pay.

First-time home buyers are feeling the squeeze of higher interest rates with mortgage affordability at its worst level for 16 years.

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Look at other dictionaries:

  • affordability — UK US /əˌfɔːdəˈbɪləti/ noun [U] ► the state of being cheap enough for people to be able to buy: »Automobile affordability fell slightly in the second quarter of the year …   Financial and business terms

  • affordability — afford ► VERB 1) (can/could afford) have sufficient money, time, or means for. 2) provide (an opportunity or facility). DERIVATIVES affordability noun affordable adjective. ORIGIN Old English, «promote, perform»; related to FORTH(Cf. ↑ …   English terms dictionary

  • affordability — noun see afford …   New Collegiate Dictionary

  • affordability — See affordable. * * * …   Universalium

  • affordability — n. quality of being financially manageable …   English contemporary dictionary

  • affordability — af·ford·abil·i·ty …   English syllables

  • affordability — See: affordable …   English dictionary

  • affordability — noun see affordable …   Useful english dictionary

  • Affordability Index — A measure of a population s ability to afford to purchase a particular item, such as a house, indexed to the population s income. An affordability index uses the value of 100 to represent the position of someone earning a population s median… …   Investment dictionary

  • affordability index — An index that measures the financial ability of consumers to purchase a home. Bloomberg Financial Dictionary …   Financial and business terms

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