THREE years into the housing slump and homes in Devon and the rest of the South-West are still out of reach for thousands of households.

That’s according to a report just published by the National Housing Federation.

South West Home Truths 2010 warns that house prices in the region increased by 8% in the year to June 2010, and that a 90% mortgage on an average home here now requires an income of over £54,000.

The top 10 least affordable local authority areas in the region are:

• Isles of Scilly: £405,429 average house price (29.7 x £13,660 average income)

• Cotswolds, Gloucestershire: £318,152 (18 x £17,644 average income) #

• Christchurch, Dorset: £252,564 (15.4 x £16,442 average income)

• South Hams, Devon: £283,420 (15 x £18,949 average income)

• North Devon: £211,073 (13.9 x £15,231 average income)

• Poole, Dorset: £266,029 (13.7 x £19,474 average income)

• East Devon: £248,350 (13.1 x £19,016 average income)

• West Devon: £223,047 (13 x £17,092 average income)

• East Dorset: £268,931 (13 x £20,748 average income)

• Bath & North East Somerset: £256,875 (12.9 x £19,932 average income)

NOTE: The affordability ratio is the house price divided by individual average income.