OXFORD has been labelled the 'least affordable city' after a study revealed the average property price is 11.5 times the average wage.

Lloyds Bank Affordable Cities Review released the figures showing Oxford as the worst city for affordability in the UK- with just five others also at least 10 times the average earnings of its residents.

It comes as the review found the typical cost of buying a home in the UK has reached its least affordable level in a decade.

Overall it is the highest house price-to-income multiple equating to seven times typical annual earnings in 2017 - with Oxford the worst.

This compares to the highest house price-to-income multiple at seven and-a-half times earnings in 2007.

Cities sitting alongside Oxford for being the least affordable in comparison to average earnings included are Cambridge, London, Brighton and Hove, Bath and Winchester.

Stirling in Scotland was identified as the UK's most affordable city for the fifth consecutive year, with average property prices at around four times annual earnings.

Andy Mason, Lloyds Bank mortgage products director, said: "City living suits the lifestyles of many people looking for shorter commutes with much of what they need on their doorstep, but buying a city property is the least affordable it's been for a decade."

He added there is a "clear North-South divide", with the least affordable list dominated by the southern England.