UK Property

Britain’s most and least expensive cities for first-time buyers


The research looked at prices for buyers in more than 50 cities across Britain. It calculated costs based on a 35-year mortgage term and a five-year fixed deal at average rates.

It also assumed a 20pc deposit for buyers in Scotland and Wales and 25pc in England – reflecting industry averages.

After Aberdeen, Bradford was found to be the next cheapest city to be a first-time buyer, with an average asking price of £107,929, with Sunderland placed third, with an average price tag of £111,263.

Elsewhere, Oxford was identified as the most expensive city outside London to rent at £2,264 with the cheapest city Carlisle at £607 a month.

The cost of renting a two-bedroom or smaller home has increased by 39pc in the last five years, compared with a 19pc jump in the cost of buying a two-bedroom or smaller home, Rightmove said.



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