Winchester 2nd in ‘Least Affordable’ List

26
March
2016

Posted by News Editor

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Winchester Best Place To Live

Just a week after the euphoria of discovering that readers of the Sunday Times voted Winchester as the best place to live in Britain, the city has come back down to Earth with a bump – but again, the news that it is one of the least affordable places in which to live can hardly come as a surprise.



This time it’s Lloyds Bank’s turn to be the bearer of bad news – saying the affordability of a home in cities across the UK is said to be at its worst level in eight years – and look who’s at number 2 on the list. Winchester.

A property in Winchester is now 10.54 times the average wage. That figure far outweighs the average ration in the UK which is 6.6 times more.

Lloyds says the figures are partly due to the fact that prices have risen more steeply than average wage growth.

Winchester 2nd in ‘Least Affordable’ List – How The City Fares

Here are the 15 least affordable UK cities, according to Lloyds Bank, with the house price-to-earnings ratio:

1. Oxford 10.68

2. Winchester 10.54

3. Greater London 10.06

4. Cambridge 9.90

5. Bath 9.77

6. Brighton and Hove 9.60

7. Truro 9.11

8. St Albans 8.66

9. Chichester 8.58

10. Exeter 8.36

11. Southampton 8.33

12. Salisbury 8.12

13. Bristol 7.80

14. Lichfield 7.53

15. York 7.50

Here are the 15 most affordable UK cities, according to Lloyds Bank, with the house price-to-earnings ratio:

1. Londonderry 3.81

2. Stirling 4.11

3. Bradford 4.31

4. Belfast 4.42

5. Hereford 4.55

6. Lisburn 4.64

7. Durham 4.73

8. Lancaster 4.89

9. Carlisle 5.03

10. Glasgow 5.07

11. Hull 5.11

12. Liverpool 5.23

13. Perth 5.24

=14. Sunderland 5.28

=14. Swansea 5.28