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Evening Standard Homes & Property News Property News UK News

London house prices: the boroughs where homes have become least affordable since 2013

This means a typical resident of the east London district required 11.8 times their salary to buy a home last year, up from 5.6 times a decade earlier, according to the report by broker-matching service Online Mortgage Advisor, which looked at figures published by the Office for National Statistics.

With few lenders offering mortgages of more than five times salary, the scale of deposit required would be so high as to price the vast majority of average locals out of the market.