Research by the Woolwich into the proportion of pay being fed back into mortgage repayments confirms that London is still the most expensive place to own a home - even taking into account higher salaries. Londoners spend an average of 22.8% of their salaries on mortgage repayments, against a national average of 18.5%. The highest spending (proportionally) constituencies are Hackney South and Shoreditch, where the figure tops 30%. More, here.