You might be surprised but the least affordable place to buy in Britain is not Kensington or Chelsea, it’s actually the London borough of Brent, home to Wembley.
The Guardian reports that Brent “is the least affordable place to buy a house in Britain, according to an analysis by Halifax which compares prices with local pay levels.”
“The research found that the price of an average home in the borough, which has a population of 264,000, is 8.8 times the average local income.”
Things aren’t looking good for first time buyers in Brent, such pressures could leave buyers with no choice but to move out of the borough to get on the property ladder.
Source: Guardian.co.uk
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