House prices in Oxford have risen yet again as the city continues to be one of the most expensive places in Britain to buy a home.

In the past year the average price has gone up by 9.2 per cent and now stands at £430,200.

Property analysts Hometrack said the city had the second-highest rate of growth in the country, behind Bristol at 9.5 per cent.

It is despite London's level of growth slowing to 6.4 per cent - the lowest level Hometrack has recorded since June 2013.

But the average home in London is still the highest in Britain at £486,600.

The cheapest major city was Glasgow at £115,200.

Separate data released by Lloyds Bank showed that Oxford remains the least-affordable city in the country, with the average home 10.7 times more than the average household's earnings.

Hometrack insight director Richard Donnell said: "Growth in London has been superseded by large regional cities such as Manchester, Liverpool and Birmingham.

"When you consider that house prices in London are 85% higher than they were in 2009 it is not surprising that the pace of increases is slowing toward a standstill as very high house price increases mean affordability is stretched."