The 10 most affordable cities for first time buyers
New report suggests Brighton, Oxford and Chelmsford are the most unaffordable spots in Britain for those wanting to get on the property ladder
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Brighton is the least affordable town in the UK for first time buyers, according to Adzuna.co.uk which puts Belfast and Hull high on the most affordable list.
Its research indicates that almost 80 per cent of homes in Belfast are within reach for first-time buyers on average local incomes. Oxford, Chelmsford, Cambridge and London all rank among the most unaffordable places to get a foot on the property ladder.
Figures from LSL Property Services last week suggest that the average price for a house is now £262, 291, up 7.2 per cent over the last 12 months.
The study shows that first-time buyers should head to northern locations like Sunderland, Salford and Hull where average property prices at £136,095 are only 2.5 times average earnings for the area.
Bargain hunters should also set their sights on Midlands cities like Stoke-on-Trent, Nottingham and Derby. In the South of England, Portsmouth, Plymouth and Southampton are among the most affordable cities.
However, Brighton, Oxford and Chelmsford are the most unaffordable towns and cities in the UK for first-time buyers. A typical home in Brighton now sells for over seven times the average Brightonian couple’s earnings, at over £400,000. Properties in London have become increasingly unaffordable for locals with 91 per cent of homes in the capital completely out of reach.
Top 10 most affordable cities for first time buyers
1. Belfast
2. Hull
3. Sunderland
4. Glasgow
5. Salford
6. Stoke-on-Trent
7. Derby
8. Manchester
9. Bradford
10. Nottingham
Top 10 least affordable cities for first time buyers
1. Brighton
2. Oxford
3. Chelmsford
4. Cambridge
5. London
6. Exeter
7. Guildford
8. Winchester
9. Reading
10. Chichester
Top 10 most affordable cities for all homebuyers
1. Belfast
2. Hull
3. Salford
4. Sunderland
5. Bradford
6. Glasgow
7. Middlesbrough
8. Manchester
9. Durham
10. Birmingham
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments