The Most Expensive Cities to Buy a Family Home in the UK
Here at MoveHub, we compiled data on all of the available asking prices for purchasing a home in the UK. Of the countrywide data, we focussed on 16 cities across the UK as well as the national average for two, three, and four bedroom properties.
Think you know where each city stands? Take a look below:
Top three expensive cities in the UK to buy a home
Third and second place:
Those who move to Brighton can understand why seafront property and homes with a view earn the city one of the top places out of the 16 cities researched. Brighton’s laid back atmosphere comes at a price, though not as steep as two other cities.
Cambridge is also one of the highest on our list, and if you’ve been to the city or seen Theory of Everything, you can understand why. Not just for university students, though a historic university city, Cambridge has decent transportation links, and its homes are varied architectural gems.
Most expensive city in the UK to buy property: London
No drumroll necessary, Greater London has the most expensive averages of sale prices for two, three, and four bedroom homes in the UK.
Due in part to the upwards of £10 million properties in Central London (think Kensington, Mayfair, and Knightsbridge), the data we used excludes anything over £5 million. Can’t afford to buy in London? Not to worry, you can always find a place to rent.
Greater London includes the 32 London boroughs and City of London, all within the M25 ring. Traditionally, Central London tends to be more expensive than the outer boroughs, though each area has its fair share of price ranges.
Cheapest cities in the UK to buy a home
If you’re considering moving to the UK and purchasing a home, consider moving to Liverpool, Glasgow, and Belfast, where families of four can see their money go further on average. While the general rule of thumb is the further north one goes, the cost of buying a property becomes cheaper, it isn’t always true.
Three bedroom homes in Aberdeen and Edinburgh are more expensive on average than Manchester, Birmingham, and Nottingham, with average prices of the latter group all under a quarter of a million pounds.
It must be noted that the prices in our data are strictly advertised sale prices from multiple sources, and hopefully the new homeowners were able to knock down the asking price a few thousand pounds or so.
Our data also reflects the most recent asking prices (beginning of December) of available homes in the UK; there may be less million pound homes on the market in January to affect the average or there could be more.
The housing market in the UK is an ever-changing entity, and house prices have been continuing to increase over the last two decades according to the Office of National Statistics.
|Location||Avg. cost for 2 bedrooms||Avg. cost for 3 bedrooms||Avg. cost for 4 bedrooms|