Rating. Figures based on the cost of new buildings in 50 cities of Misty Albion show that Durham offers the best option for buyers. The average monthly salary here is € 2,030. And with an initial mortgage payment of 10% (about € 16,820), it will take just a little more than eight months to save up for new housing, PropertyWire reports.
TOP 7 most affordable cities in Britain for new home buyers:
(The number of months required for the initial payment is indicated in parentheses):
- Durham (8)
- Dundee (9)
- Stirling (9)
- Stoke (10)
- Glasgow (10)
- Bradford (10)
- Derby (10)
- Swansea (10)
The residents of Exeter (24 months) and Cambridge (24) will need the most time. In London, the average period is 19 months. By the way, recently, analysts called the cost of "square" in different metropolitan areas.
Statistics. The current average cost of a new home in the UK is € 333,240. Given an initial mortgage installment of 10% (€ 33,320), it takes about 15 months to raise money to buy. The calculation was based on the average monthly net wage in the country (€ 2,240).
Quote. The chief executive officer of Stone Real Estate Developers, the company that conducted the study, Michael Stone, said: “As analysis shows, buying a new building is not much more expensive than residency. In many regions of Britain, it takes less than a year to accumulate the required amount. ”