Is Oxford the least affordable city in the UK for home purchase?

Yes, according to a review by Lloyds Bank that tracks home purchase affordability in 61 cities (including Greater London) across the UK. The Lloyds Bank’s Affordable Cities Review puts average house prices in Oxford city at £385,372, which is nearly 11 times (10.7) annual gross average earnings of full-time employees in the city at £36,033, making Oxford the UK’s least affordable city. Also in the top 5 were London, Winchester, Cambridge, and Chichester – although the London average disguises considerable variations across the capital.