London homes slightly more affordable, but still only in reach for top 10% of earners

Houses in Enfield, which has the most affordable first-time buyer homes in London - (Daniel Lynch)

London homes became marginally more affordable after a year of weak house price growth, with the capital seeing the biggest narrowing in the house price to earnings ratio in the country.

However, the city remained by far the least affordable region in the country, with average house prices still eight times earnings, new research from Nationwide found. By contrast, homes in Scotland cost just three times average earnings.