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Home page / UK news / Where are residential property prices cheaper in the UK?
2024-11-20 14:30:00

Where are residential property prices cheaper in the UK?

Residential house prices vary greatly in different parts of the UK, here are some areas where house prices are relatively cheap:

1. North East

    - Newcastle: As an important city in the North East, it has a rich history and culture and a vibrant city atmosphere. Compared to cities in the south of England, Newcastle is relatively affordable. There are many different types of homes to choose from, from traditional townhouses to modern flats. Some of the up-and-coming areas around the city, such as Gateshead, are more affordable, making them a good choice for first-time buyers or those on a budget.

    - Sunderland: Located in the north-east of England, Sunderland has a beautiful coastline and extensive countryside. House prices here are on the lower end of the UK scale, with an average home likely to cost around half the price of other popular cities in the UK. The cost of living in Sunderland is also relatively low and residents can enjoy a more leisurely pace of life.

 

2. Northern Ireland region

    - Belfast: the capital of Northern Ireland, is a vibrant city with a unique history and cultural heritage. House prices here are well below the UK average, especially when compared to cities such as London. In Belfast, you can buy a spacious home for a relatively low price and the neighbourhood is constantly improving in terms of infrastructure and public services. For example, some of the new residential neighbourhoods on the outskirts of the city are beautiful and affordable, attracting the attention of many home buyers.

 

3. Scotland region

    - Glasgow: one of the largest cities in Scotland, with rich arts and cultural resources. House prices in Glasgow are relatively reasonable in Scotland, especially when compared to Edinburgh. There are many different styles of residential areas in the city, such as traditional Scottish architecture neighbourhoods and modern flat blocks. Some homes on the fringes of the city or in areas of emerging development are relatively inexpensive and suitable for home buyers on a budget.

    - Aberdeen: A harbour city known for its distinctive stone buildings and the third most populous city in Scotland. House prices here are cheaper, with average asking prices at the lower end of the scale for major UK cities. The property market in Aberdeen is relatively well supplied and home buyers have a wide range of choices.

 

4. Welsh regions

    - Cardiff: the capital of Wales, is a vibrant city with good educational resources and business environment. House prices in Cardiff are relatively cheap, especially when compared to some cities in England. There are many family-friendly residential areas in the city, such as Cardiff Bay, with beautiful surroundings and excellent facilities.

    - Swansea: Located in the south-west of Wales, Swansea is blessed with beautiful beaches and stunning natural scenery. House prices in Swansea are relatively low in the UK and an average home is relatively affordable. The pace of life here is slower, making it suitable for those who enjoy a quieter life.

 

Within London, there are also some relatively inexpensive areas:

- Plumstead: Located in south-east London, there are many Edwardian and Victorian houses here, with convenient transport links and direct access to important locations such as Charing Cross and London Bridge on the Elizabeth line, making it one of the most affordable areas in London to buy a house, with a median house price of £214,000.

- Deptford: part of London 2, with a trendy atmosphere of bars, restaurants and shopping areas, and convenient transport, with light rail, trains and buses to Canary Wharf, the financial centre and other places, the regional average house price of £ 352,000, the price is relatively low, popular with first-time buyers.

- Thamesmead East: Located on the border of the London boroughs of Bexley and Greenwich, Thamesmead East is undergoing extensive regeneration, including lakeside flats and a wealth of community activities. Just 20 minutes from Canary Wharf and with an average house price of £355,000, it is a highly sought after location in the London buy-to-let market.