The average UK house price is eight times the average wage with the majority of least affordable areas in London, new research has found.

Indeed, in London the average price of a home is 14 times the average wage, according to research from eMoov with data compiled from all London boroughs and each area across England, Scotland and Wales to calculate the most expensive versus economical areas for property when compared to the wage earned.

The borough of Kensington and Chelsea tops the list with the average property price at £1,212,375, despite suffering London’s biggest property fall over the past year of -6%. The price of property in the borough is now 46 times the average wage of £26,624 and the nation’s biggest gap in wage to property ratio by a long way.

Regionally, in England the average house price of £232,885 is nine times the average wage of £26,884, in Scotland the average price is £143,711, some five times the average wage of £27,404 and in Wales the average price is £144,828, some six times the average wage of £24.617.

In contrast, Copeland in Cumbria is the most economically affordable area in the UK with the best property to wage ratio at three times the average wage, followed by Blaenau Gwent in Wales with property prices four times the wage, along with Burnley in Lancashire where prices are also four times the wage on offer.