The UK’s 20 least affordable cities

Bath is one of the least affordable cities in the UK.Alison Millington

LONDON — Lloyds Bank has ranked the least affordable cities in the UK as part of its annual Affordable Cities Review.

The research revealed that home affordability is “at its worst since 2008,” with the average city price of a house outpacing earnings growth over the past five years.

Lloyds Bank worked out house prices as a multiple

of average annual earnings. So the average city house price in the UK is £224,926 this year, a 6.9 multiple of average earnings of £32,796.

“City living is becoming increasingly expensive with average house prices at least ten times average annual earnings in five of the UK’s cities,” said Andy Mason, Lloyds Bank Mortgage Products Director.

“Affordability levels have worsened for four consecutive years as average city house prices continue to rise more steeply than average wage growth.”

Here are the 20 least affordable cities to live in the UK.