UK's Most Affordable Cities
City house prices have risen to an average of £172, 556, which is over 5.5 times the average salary. The recent study by Lloyds shows how city prices in urban areas in UK are creeping up since the decline in 2008.
Northern Ireland holds the top 3 in a list that shows the 10 most affordable cities, in terms of house price v’s salary. Scotland has 2 and the rest are in the ‘North’.
Most Affordable Cities – Ratio House Price v’s Salary
1 |
Londonderry, Northern Ireland |
3.38 |
2 |
Lisburn, Northern Ireland |
3.50 |
3 |
Belfast, Northern Ireland |
3.67 |
4 |
Stirling, Scotland |
3.81 |
5 |
Bradford, Yorkshire |
3.98 |
6 |
Salford, North West |
4.11 |
7 |
Glasgow, Scotland |
4.23 |
8 |
Lancaster, North |
4.28 |
9 |
Hull, Yorkshire |
4.32 |
10 |
Sunderland, North |
4.43 |
Least Affordable Cities – Ratio House Price v’s Salary
1 |
Oxford, South East |
3.38 |
2 |
Salisbury, South West |
3.50 |
3 |
Bath, South West |
3.67 |
4 |
Truro, South West |
3.81 |
5 |
Winchester, South East |
3.98 |
6 |
Brighton and Hove, South East |
4.11 |
7 |
Cambridge, East Anglia |
4.23 |
8 |
Chichester, South East |
4.28 |
9 |
Exeter, South West |
4.32 |
10 |
St Albans, South East |
4.43 |
Despite these recent figures they are still significantly lower than those experienced in 2008 when the average home was 7.2 times the average salary.
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