Revealed: Britain’s most and least affordable areas

The London borough of Kensington and Chelsea has been identified as the least affordable area in Britain, while East Ayrshire in Scotland remains the most affordable, Nationwide Building Society’s newly released Local Affordability Report reveals.

The study found that the North East has the smallest gap between least and most affordable boroughs, but London has the largest.

Based on the latest data, Kensington and Chelsea remains the least affordable local authority in London and by extension Great Britain, with a house price to earnings ratio (HPER) of 14.7.

Oxford remains the least affordable area in the South East, with house prices 10.1 times average earnings in the region, up from 9.2 a year ago. House prices in Oxford have risen 14% over the past year, one of the strongest increases in the South East.

Read the full article on Property Industry Eye | JANUARY 21, 2022 | MARC DA SILVA