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Study reveals cheapest towns and cities in UK for first time buyers – PropertyWire

Study reveals cheapest towns and cities in UK for first time buyers – PropertyWire There are 17 towns and cities in the UK where it’s possible to buy a flat for less than 80,000, allowing first time buyers to get on the housing ladder for just under three times the average UK salary, according to new research.

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The most-affordable – and the least-accessible – places for first-time buyers have been revealed by the UK’s largest mortgage lender, the Halifax. Compared to local earnings, the cheapest places to buy are mostly in western Scotland and northern England. The most expensive are all in London.

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Study reveals cheapest towns and cities in UK for first time buyers There are 17 towns and cities in the UK where it’s possible to buy a flat for less than 80,000, allowing first time buyers to get on the housing ladder for just under three times the average UK salary, according to new research.

Although Truro remains one of the most expensive towns in the South West at 8.57 times above average earnings, larger towns like Plymouth and Barnstable (crossing the Devon border), offer a range of new build developments aimed at first time buyers and prices according to the Mouseprice Property Heat Map, prices average between 120-170 thousand.

Properties aimed at first-time buyers have increased. and apartments close to the county town’s railway station. A second phase is now for sale from £192,500 for a one-bedroom at (01582 742165;.

Yorkshire and the Midlands are the best value cities in the UK in terms of property costs for first time buyers, according to new research. Eight cities across the two counties offer the best deal to those seeking to get on the housing ladder based on the cost per square foot for buying a property, led by Bradford.

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