In the UK, Oxford has the highest property prices in relation to wages. The average house price in Oxford is £403,256 (2013) and the average salary is around 21k per annum. Unless you have some kind of financial support, raising a deposit for a mortgage takes a very long time.
However, there are other options available. If you're prepared to get involved in some heavy duty DIY, the house in the photo below, located in a small mining village in South Wales, is 'yours for nothing'! 'The three-bedroom home is boarded up, with an old leather settee dumped in the garden outside, and auctioneers said it has a reserve price of ‘nil’ - meaning it could sell for only a few pounds'.1
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Source: image copied from www.dailymail.co.uk
