The London borough of Brent, home to Wembley Stadium, is the least affordable place to buy a house in Britain, according to an analysis by Halifax which compares prices with local pay levels.
The research found that the price of an average home in the borough, which has a population of 264,000, is 8.8 times the average local income. The area includes leafy suburbs such as Brondesbury Park, where luxury homes fetch £4m, as well as the (now redeveloped) Stonebridge estate, a one-time byword for drug dealing and gun crime.Surging house prices in Oxford have made the university city the second least affordable local authority district in Britain, said Halifax. The typical home in the city now sells for 7.6 times local incomes, and average prices there stand at £343,461.
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