From
the BBC» Winchester is the least affordable city to buy a home in, says the Halifax.
Its figures suggest buying a home in the Hampshire commuter city will cost 14 times average earnings, higher than Greater London at 11 times.
Typically, buying a home in a UK▸ city will now set buyers back 8.1 times their average earnings, up from 5.6 times a decade ago.
House prices have "generally continued to outstrip wage growth", said Halifax managing director Russell Galley.
Winchester has leapfrogged Oxford as the least affordable city in the annual survey, while Londonderry is the most affordable for the third year in a row.
In the Northern Ireland city, a home will cost 4.7 times average earnings.
[snip]
The top 20 least affordable cities in 2021
(Figures show the price-to-earnings ratio followed by the average house price and average annual earnings. Source: the Halifax)
1. Winchester, South East, 14.0, £630,432, £45,059
2. Oxford, South East, 12.4, £486,928, £39,220
=3. Truro, South West, 12.1, £356,788, £29,558
=3. Bath, South West, 12.1, £476,470, £39,508
[etc]
Noting they are talking cites - how do the figures compare for towns, villages, and rural living?
