New league table lists UK’s most affordable cities and house prices

New league table lists UK’s most affordable cities and house prices


Todays other news
The current controls come to an end on March 31...
The agency is also seeking other partnerships in Portugal...
The investment was supposed to be for a city centre...
The first one is in Manchester - but will the...
Grainger is selling its low-yield stock and pinning its hope...

Thinking of buying a home for buy to let or another form of property investment? 

According to the latest Zoopla House Price Index the average cost of a property in the UK is £267,500, almost 2% more expensive than a year ago. However HCB Solicitors reveals where you can get the best value.

Top 10 most affordable cities in the UK:

  1. Aberdeen – £137,000
  2. Glasgow – £153,000
  3. Newcastle – £157,600
  4. Liverpool – £160,900
  5. Sheffield – £174,500
  6. Belfast £181,200
  7. Nottingham – £204,900
  8. Birmingham – £211,900
  9. Leeds – £212,800
  10. Leicester – £228,200

Martin Edwards, Senior Associate Solicitor at HCB, comments:For those looking to upsize and get more value for their money, heading to the Midlands or the North can stretch your budget further, giving you a better chance of an extra bedroom or even a bigger garden. 

“In some cases, a doer-upper could be an option, too, helping you save upfront and add value over time.

“House prices are slowly increasing, making it more difficult to get onto the property ladder for first-time buyers. We need to see prices drop in order to get more people into their first homes.

“Mortgage rates have been lowering, with two year fixed rates sitting at 5.03% and five year at 4.80%, helping to make maintaining a property easier. To land the best deal, make sure you get a mortgage in principle so you know how much you can borrow. 

“Also, don’t forget to look into government schemes like Help to Buy, and don’t be afraid to haggle with the seller.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Subscribe to comments
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
It's the best start to a housing market year since...
The rental property brings in some £7,000 a year...
The sale of these properties fell through last month -...
It's happening in March at an event in Swansea...
Spain’s draconian new tax is already spooking British investors...
The Budget has forced a revision of forecasts for the...
Prices and sales volumes will grow in 2025 despite the...
Recommended for you
Latest Features
The current controls come to an end on March 31...
The agency is also seeking other partnerships in Portugal...
The investment was supposed to be for a city centre...
Sponsored Content
As the property industry shifts towards sustainable practices, Inspired Property...
Are you concerned about rising interest rates and their potential...
In the ever-evolving landscape of property investment, staying ahead of...
0
Would love your thoughts, please comment.x
()
x

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here