Study: City homes more affordable

Press Association
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Home affordability for people living in the UK's cities is at its most favourable in nearly a decade, a study has found.


The typical price for a city home is £173,202, equating to 5.5 times gross annual average earnings, the lowest ratio since 2003 and way below the peak of 7.2 recorded in 2008, the Lloyds TSB Affordable Cities review said.