 Sandbanks is one of the most expensive places to live in the UK |
Poole in Dorset is the most unaffordable town in the UK, a new report has indicated. House prices in Poole are 12.4 times the area's average annual wage according to a survey by the National Housing Federation.
The report, which examined local, unitary and district authorities in south west England, claims the region is facing a housing time bomb.
It also claims Bath, is the South's second most unaffordable town.
Derek Cash, head of the federation's south region said: "Unless some drastic action is taken, the outlook is only going to get much worse."
Exclusive Sandbanks
The average house price in Poole is �251,588 while the average wage is �20,311.
The report claims that to get a mortgage there you would need to earn more than �68,000 a year.
The average price of property in the area is boosted by the exclusive Sandbanks peninsula, where house prices average �500,000 and recently one luxury waterfront home sold for nearly �10m.
Poole estate agent Alistair Brown, said: "Poole is a popular place but generally incomes have been low.
"There's a big retirement and big second home element here. Lots of people want to be near the beach with sea views."
One-Minute World News 
News services
E-mail this to a friend 
Printable version 
