Revealed: The most affordable places for first-time buyers to snap up a home in Britain when it comes to local wages
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Advertisement Revealed: The most affordable places for first-time buyers to snap up a home in Britain when it comes to local wagesEast Aryshire, Copeland and County Durham offers affordable
optionsBut, surprise, surprise, Kensington and Chelsea in London is off the cardsGulf between most and least affordable areas within regions is growing By JANE DENTON FOR THISISMONEY
Updated: 07:50 BST, 27 February 2021
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The gulf between the most and least affordable places to live within different regions of Britain is growing, Nationwide Building Society research shows.
Within London, the notoriously expensive borough of Kensington and Chelsea is the least affordable place in the capital to live, when taking into account factors like house prices and
average earnings.
Within other areas of the country, Hertsmere, Oxford, Rutland, Ryedale, Redditch and South Lakeland all stand out for being pricier places to live than locations in their nearby vicinities.
Mapped: A map showing the most affordable places to live in Britain, according to Nationwide
At the other end of the spectrum, within Scotland, East Ayrshire is the most affordable place to live, offering reasonable property prices alongside, in most instances, decent wages for
workers, according to Nationwide.
Copeland, County Durham, Methyr Tydfil and Stoke-on-Trent in, respectively, the North West, North East, Wales and the West Midlands all scored highly on the affordability front.