Homes in the city cost more than 10 times the average local income, as home affordability in the UK hits a nine-year lowHome affordability in Britain is at its worst level since 2008, with Oxford, London and Winchester the UK’s most unaffordable places to buy. Affordability ratings, which compare the costs of buying a home in an area with the average regional pay, say that the cost of homeownership in five cities is now more than 10 times the average local income, thanks to a rapid growth in house prices, combined with slower wage growth. Continue reading…
Source : theguardian.com
Read more…Oxford once again tops list of UK’s least affordable places to live















