Affordability

Tower Hamlets tops London affordability map as Kensington and Chelsea falls to bottom

A new affordability map released by The Standard places Tower Hamlets as the most affordable London borough with a median house price of £455,200, 4.91 times average earnings. Kensington and Chelsea ranks least affordable at £1,007,200, 9.5 times earnings, and the Bank of England’s 4% rate adds roughly £600 to annual mortgage costs.