The 62 areas where houses are less affordable than London
This article provides (non-Hinterland?) readers who think London is one of the most expensive places on Earth to buy property with serious considerations. While House prices themselves may indeed be the highest in the capital, but there are other places in rural areas which are – relatively speaking – more expensive. By taking local salaries into account, it is possible to map the affordability of homes for the people who live in those areas. Under that affordability measure, there are no fewer than 62 English local authority areas which are pricier than London. The research, from the National Housing Federation, maps where rural house prices are over ten times as much as the local salary. in South Buckinghamshire, in towns like Amersham and Beaconsfield, the average home is worth 20 times as much as the annual local salary. Outside the South East, the place where houses are least affordable is the Cotswolds, where they cost 19 times wages. Other unaffordable hotspots include Chichester, Purbeck in Dorset, and South Hams in Devon. The most affordable rural location is Copeland, in West Cumbria.