Can You Be Forced Into a Care Home Uk
Winchester is the least affordable place to buy a home, with house prices now the highest average of any UK city, ahead of St Albans at £604,423 and London at £564,695.
The Hampshire city has overtaken Oxford, according to analysis by Halifax, the UK's biggest mortgage lender. Buying a home in Winchester will set buyers back an average of £630,432, up eight per cent in the last year.
With earnings in Winchester averaging at £45,059, it means house prices are 14 times the average salary.
'The beauty of Winchester is that you can be both country mouse and city mouse at the same time,' Katie Cave, director at mortgage broker Clearpoint Finance, told the BBC.
'Weekends can be spent taking in the views at the top of St Catherine's Hill, nestled in the heart of a nature reserve. Then come Monday morning, you can hop on the train to London and be at your desk in just over an hour.'
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'New prospective buyers in Winchester increased by 117 per cent, while offers accepted were up 195 per cent.'
Toby Gullick, Senior Negotiator and Head of City Sales at Knight Frank Winchester, said: 'It's not hard to see why people want to live in a beautiful city like Winchester. There are plenty of green spaces throughout and its close to two National Parks, the South Downs and the New Forest.
'There are a lot of young families moving out of London right now. Direct trains from Winchester to London Waterloo take about an hour; to Southampton Airport (which has a range of national and European flights) about 10 minutes; and to Oxford is only 65 minutes.'
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At the other end of the scale, Londonderry was revealed as the most affordable UK city to buy a home for the third year in a row, followed by Carlisle and Bradford in second place.
Across the UK, the affordability of cities has deteriorated. In 2020, house prices in cities typically cost around seven-and-a-half times the average wage.
These are the top 10 least affordable UK cities to buy a home
(Price-to-earnings ratio followed by the average house price and average annual earnings).
1. Winchester, South East, 14.0, £630,432, £45,059
2. Oxford, South East, 12.4, £486,928, £39,220
=3. Truro, South West, 12.1, £356,788, £29,558
=3. Bath, South West, 12.1, £476,470, £39,508
5. Chichester, South East, 10.6, £446,899, £37,352
6. Cambridge, East Anglia, 11.9, £482,300, £40,492
7. Brighton and Hove, South East, 11.6, £449,243, £38,737
8. London, South East, 11.0, £564,695, £51,257
=9. St Albans, South East, 10.2, £604,423, £59,391
=9. Chelmsford, South East, 10.2, £424,690, £41,781
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Can You Be Forced Into a Care Home Uk
Source: https://www.housebeautiful.com/uk/lifestyle/property/a37279935/winchester-least-affordable-uk-city-buy-home/