but here are 20 areas that are still considered 'affordable'
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Home affordability across the UK biggest cities has hit its lowest level since 2007, according to a new report.
A Lloyd's Affordable Cities review found average house prices in Britain's most cosmopolitan areas have leaped by 36% in the past five years - pushing the average home from £171,745 in 2012 to £232,945 in 2017.
In comparison, average city annual earnings over the same period have risen by just 9% to £33,420.
As a result, affordability in UK cities is, on average, at its worst level since 2007, when the ratio of average house price to earnings stood at 7.5.
The least affordable city is Oxford, where average house prices - £429,775 - are over 11 times (11.5) annual average earnings.
Truro and Exeter are new entrants into the 10 least affordable cities list, both with an affordability ratio of 9.3 with house prices of £259,705 and £274,093 respectively.
Leicester (8.1) and York (8.0) are the only cities outside southern England appearing in the top 20 least affordable UK cities.
(Image: Getty)
There are six cities with average house prices that cost at least ten times average annual earnings.
In addition to Oxford (11.5), these are Cambridge (10.5), Greater London, Brighton and Hove (both 10.2), Bath (10.1) and Winchester (10.0).
The London average figure disguises considerable variations across the capital with central boroughs significantly less affordable than the Greater London average.
Andy Mason, Lloyds Bank mortgage products director, said: “City living suits the lifestyles of many people looking for shorter commutes with much of what they need on their doorstep, but buying a city property is the least affordable it’s been for a decade.
“There is also a clear North-South divide with only one Southern location appearing in the top 20 most affordable cities and only one Northern location appearing in the top 20 least affordable.”
Top 20 most affordable UK cities Source: Lloyds
Stirling is the UK’s most affordable city for the fifth consecutive year.
At £186,084, the average property price in the Scottish city is 4.0 times average gross annual earnings, although this figure has increased by 5% in the past twelve months.
Londonderry in Northern Ireland remains the UK’s second most affordable city.
(Image: Getty)
In England alone, Bradford has been named as the most affordable while Swansea is the Welsh equivalent.
Lancaster and Dundee are the only two new entrants to the top 10 most affordable cities, sitting in fourth and ninth place, respectively and all of the top 10 are located outside of the south of England.
Where house price growth is highest
Cambridge has shifted from fifth position in 2016 to record the biggest price rise of any UK city over the past decade, with a gain of 47% from £288,403 in 2007 to £422,589 in 2017.
That's compared to the average UK rise of 12%.
St Albans is now second, with a rise of 44% followed by Brighton & Hove, Greater London, Cardiff and Canterbury.
(Image: Getty)
Nine of the ten top performers since 2007 are in southern England with the exception being Cardiff in Wales.
Over the past five years, London has recorded the highest house price growth with a rise of 61% from £298,940 in 2012 to £480,800 in 2017.
Coventry has the second highest increase in average house price(55%), closely followed by Cambridge, Ely and Lisburn.