Winchester steals Oxford's unwanted crown as Britain's most unaffordable city to buy a home - but London exits the top five and Londonderry offers a bargain

Winchester, Oxford and Truro are most unaffordable based on local wages; Londonderry, Carlisle and Bradford are the three most affordable urban hubs; City house price affordability 'significantly' better in the North, Halifax says

Winchester is the most expensive city in Britain to buy a home, with an average property price tag of £630,432, an astonishing 14 times higher than average local pay packets, new findings have revealed.

While there has been considerable talk about a mass exodus from urban hubs during the pandemic, some remain as popular as ever - and in many, prices have risen sharply.

The average cost of a city home has swelled by 10.3 per cent to £287,440 in the past year, while the average earnings of people living in them climbed by just 2.1 per cent, mortgage lender Halifax said in a report.