Limerick most affordable city in world to buy a house

Limerick is the most affordable place to buy a house out of hundreds of cities surveyed across the world.

It came joint top, with the median house price calculated to be just twice the median household income, according to a US survey.

Demographia publishes an annual list of housing affordability focusing on 378 cities in nine countries linking median household income to median house prices. A ratio of three and under is rated affordable, three to four moderately unaffordable and four and over is seriously unaffordable.