Jump to Main ContentJump to Primary Navigation

London homes now cost 14 times the average salary


Buying a home in London is now officially more unaffordable than ever.

According to the findings from a new report, the price of buying a home in London is now 14.2 times the average salary – more than double the average UK ratio.

The findings are a record new low for the affordability of homes in London, which have been skyrocketing in price since the financial crisis in 2009.

House prices have become officially unaffordable

House prices have become officially unaffordable

The report, conducted by research company Hometrack, also found that homes in Bristol, Cambridge and Oxford had low affordability compared to average salaries for these cities.

Read more: How to get on to the property ladder

Prices of homes in Bristol have gone up more in the last year than anywhere else in the UK.

London homes

We wish.

The report isn’t all bad news for London’s prospective homeowners, with the rise in prices currently at its lowest of the last three years.

However, with the prices so unaffordable, they’re going to need to drop a lot further before we can start thinking about moving in.



The 10 most inspiring cities in the world have been revealed


Study reveals where in Europe your job would make you the most money


New report names 15 best places to live and work in the UK


The best possible gifts for when flowers aren’t going to cut it

17 unusual and thoughtful gifts for when the s**t hits the fan

by Amy Swales
22 Sep 2017

This Battle of the Sexes legend wants you to STOP asking about McEnroe

“I would like to see John McEnroe win a Grand Slam tournament while pregnant”

by Susan Devaney
22 Sep 2017

“The real reason we should all be upset about Uber”

Grow up: your bank balance really isn’t what’s at stake here

by Kayleigh Dray
22 Sep 2017

There's a huge sherbet fountain coming to London - and it's free

Bompas & Parr are planning a weird, wonderful and nostalgia-filled event

by Helen Brown
22 Sep 2017

Rick and Morty creator responds to sexist trolling of female writers

The show hired four women. Cue cries of “Worst. Episodes. Evah.”

by Amy Swales
22 Sep 2017

Everything you need to know about Uber being banned in London

The taxi firm has had its license revoked by TfL

by Moya Crockett
22 Sep 2017

The new Baileys flavour you’ll want to drink well beyond Halloween

Perfect autumn cocktails ahead

by Amy Swales
22 Sep 2017

This unexpected town has been voted the best place to work in the UK

We didn’t see this one coming

by Moya Crockett
22 Sep 2017

Harry Potter fans, this epic Hogwarts goblet is actually magical

It's perfect for Butterbeer (or prosecco)

by Megan Murray
22 Sep 2017

The hidden meanings behind the nation’s most popular baby names

Prepare for lots of girls’ names ending in ‘a’

by Moya Crockett
22 Sep 2017