Least and most affordable cities in UK

Top 15 cities in UK which are now least and most affordable in new survey


In a new survey by Lloyds Bank which measures home affordability Oxford has come out as the least affordable city in the UK beating London which was at position 3. The survey measured the ratio between the average house price and gross local earnings which is now at its worst level for eight years.

“House price rises in the past three years have risen more steeply than average wage growth, making it more expensive to buy a home in the majority of UK cities,” said Andrew Mason, Lloyds Bank mortgage products director.

“House prices in the South have generally seen stronger growth than in the North. Winchester has recorded the biggest gains over the past decade, whilst London, not surprisingly, has seen the largest growth during the economic recovery of the last five years,” he said.

The 15 least affordable cities in the UK

1. Oxford: house prices are 10.68 times the average salary
2. Winchester: 10.54
3. Greater London: 10.06
4. Cambridge: 9.90
5. Bath: 9.77
6. Brighton And Hove: 9.60
7. Truro: 9.11
8. St Albans: 8.66
9. Chichester: 8.58
10, Exeter: 8.36
11. Southampton: 8.33
12. Salisbury: 8.12
13. Bristol: 7.80
14: Lichfield: 7.53
15. York: 7.50

The 15 most affordable cities in the UK

1. Londonderry: 3.81
2. Stirling: 4.11
3. Bradford: 4.31
4. Belfast: 4.42
5. Hereford: 4.55
6. Lisburn: 4.64
7. Durham: 4.73
8. Lancaster: 4.89
9. Carlisle: 5.03
10. Glasgow: 5.07
11. Hull: 5.11
12. Liverpool: 5.23
13. Perth: 5.24
14. Sunderland: 5.28
15. Swansea: 5.28

Written by: Houseladder