Yorkshire Building Society research has found the gap between the least and most affordable parts of Britain has almost doubled since the start of the economic downturn.
Homes in 54% of local authorities, including Edinburgh, Birmingham, Peterborough, Leeds and Harrogate, are more affordable now than they had been before the financial crash in 2007 because wages had increased at a higher rate than property values.
Yet in London and parts of the southeast house prices have hugely outstripped wage growth, leading to a notable decline in affordability compared with a decade earlier. London boroughs reported an average affordability drop of 39%.
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