Home Residential Property Least and most affordable areas to live in Britain revealed

Least and most affordable areas to live in Britain revealed

by Deleted Subscriber Content
25th Jul 16 11:05 am

Property hotspots

The least affordable places to buy a home in Britain for first-time buyers are in London, Halifax’s new research has found.

Brent was named the least affordable place in the capital where average property for a first-time buyer costs £457,014, that’s 12.5 times the average earnings of residents in the area.

East Dunbartonshire in Scotland was named the most affordable area in Britain. The area boasts property prices averaging £97,089, 2.6 times local annual average gross earnings

Halifax mortgages director Chris Gowland said: “Although numbers remain below their previous peaks and many potential first time buyers are facing escalating house prices and deposit sizes, record low mortgage rates continue to make buying seem a more attractive option than renting.”

The most affordable places to live in Britain

East Dunbartonshire     

Copeland

East Renfrewshire

West Dunbartonshire   

Stirling                

Pendle                

Blaenau Gwent               

North Lanarkshire          

Northumberland            

Mid and East Antrim

 

The least affordable places to live in Britain

Brent    

Hackney              

Haringey             

Hammersmith and Fulham         

Waltham Forest               

Lambeth             

Harrow                

Ealing   

Newham            

Islington              

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