If you compare local earnings to house prices, London is, in fact is only #2, behind Oxford.[1] The problem with Oxford and Cambridge (as well as a place like R

If you compare local earnings to house prices, London is, in fact is only #2, behind Oxford.[1] The problem with Oxford and Cambridge (as well as a place like Reading) is that they are still within commutable distance from London (Oxford and Reading slightly more so than Cambridge), which means you get people who earn well even for London standards who live in those cities and commute, in turn making those places more expensive. Some of the other cities, like Edinburgh, Manchester (in parts) and Aberdeen (oil) are certainly pricey as well, but they are not nearly as expensive as the South of England. [1]: http://www.telegraph.co.uk/finance/property/house-prices/11436459/Welcome-to-Britains-most-unaffordable-spot-its-not-London.html http://www.telegraph.co.uk/finance/property/house-prices/114...