Take thousands of students, a scarcity of land, government cuts, a green belt and a desperate homelessness problem, and you get … Oxford
If you think house price indices are confusing, just look at affordability indices.
As recently as Monday BBC TV news reported that, on the ratio of house prices to average household income, Britain's most unaffordable location to buy was Oxford.
Today, according to online agent HouseSimple, it's Brighton.
Britain is facing a housing crisis because of a serious shortage of new homes.
Surprisingly, the least affordable place to live in the UK is not London but Oxford where property prices are 16 times the average earnings of people living in the city.
House featuring 7.5 metre fibreglass shark described as ‘period cottage forming part of a famous city landmark’
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