The most expensive cities outside London

1 year ago

London is still, unsurprisingly, the most expensive place to buy a home in the UK, with the average property price in the city now £534,600.

In a composite of UK cities for January 2024, the Zoopla House Price Index revealed that, after London, Cambridge is the second most expensive city to buy property, with an average price of £468,100, with Oxford (£446,700), Bristol (£335,900) and Bournemouth (£328,500) and Portsmouth (£278,600) making up the rest of the top five.

According to Zoopla the average UK property price in January was £263,600 – down 0.5% year-on-year. Proving resilient to increased mortgage rates and cost-of-living pressures, the housing market shows “more sales and more sellers”, revealing a “growing confidence amongst households and evidence that 4-5% mortgage rates are not a barrier to improving market conditions”, said Richard Donnell, Zoopla’s executive director of research.