Towns and cities in the home counties are the least affordable places in the UK to live, with up to three out of four houses too expensive for local people, according to new research.
A study of average salaries compared with property prices showed that Guildford, Cambridge and Oxford were the least affordable.A typical property in Guildford now sells for seven times the joint earnings of a house-hunting couple, said the report by search engine Adzuna.co.uk.
In contrast, most houses in Hull were within financial reach of first-time buyers on average local incomes, it was found.
Couples could afford nine out of 10 houses for sale in Glasgow, Dudley, Stoke-on-Trent, Birmingham and Wolverhampton.
Northern and Scottish cities continued to be more affordable than Southern ones, reinforcing a North/South divide.
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