The Aporia
The Aporia
Watts, M. (2026, October 1). London’s ‘most and least affordable’ places to buy a home revealed. Evening Standard. https://www.standard.co.uk/homesandproperty/london-most-least-affordable-places-buy-home-property-b1299230.html
Watts, Matt. “London’s ‘most and least affordable’ places to buy a home revealed.” Evening Standard, 1 Oct. 2026, https://www.standard.co.uk/homesandproperty/london-most-least-affordable-places-buy-home-property-b1299230.html.
Watts, Matt. “London’s ‘most and least affordable’ places to buy a home revealed.” Evening Standard, October 1, 2026. https://www.standard.co.uk/homesandproperty/london-most-least-affordable-places-buy-home-property-b1299230.html.
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New analysis by Lloyds Bank reveals the most and least affordable boroughs for buying homes in London. Barking and Dagenham is listed as the most affordable, with an average property price of £322,675, which is 6.2 times the average earnings. Conversely, the Royal Borough of Kensington and Chelsea ranks as the least affordable, with average house prices at £895,893, or 17.3 times the average salary.
Despite London remaining the least affordable place to live in the UK, housing affordability is improving in the capital according to Lloyds’ data from April to June 2026 compared to previous years. Nationally, the average UK home costs around 7.3 times average earnings, marking the lowest price-to-earnings ratio since 2015 and a decline from last year’s ratio of 7.6.
In London specifically, the average home costs 10.3 times the average salary, down from 10.9 times a year ago. Lloyds attributes this improvement to wage growth outpacing house price increases over the past year, narrowing the affordability gap.
