Glasgow is the UK’s most affordable city to buy a home

13/12/2019 10:39:15

Glasgow has the most affordable housing out of any city in the UK, according to a new survey.

The city’s combination of quality properties, comparatively low prices and high wages makes it one of the most desirable places in the country for quality of life and standard of living.

According to the latest UK Cities House Price Index published by the property portal Zoopla, the average house price in the UK in October was £254,800, with the highest in London at £476,900 and the lowest in Glasgow at £123,200.

Scotland’s biggest city recorded house price growth of 2.6%, compared with a 1% rise in London, zero per cent growth in Oxford and a 5.9% drop in Aberdeen.

Paul Burns, Director of Scottish Property Centre Cardonald, said: “Despite a year of unprecedented political uncertainty, 2019 has been a boom year for the property market in Glasgow and its surrounding areas.

“The strength of the market is underlined by consistent growth in property values and for an unbroken trend in which demand continues to outstrip supply.

“All the indications are that this growth will continue into 2020. There has rarely been a better time to sell and, with the cost of borrowing at a historic low, the market is not short of willing buyers.”

Nationally price growth represented the highest rise for two years and followed a period of modest falls.

The number of new homes listed for sale by estate agents was the lowest for four years during 2019 but the small increase in sales agreed was helped by realistic pricing. 

For more information on properties to buy or rent in your area contact your nearest Scottish Property Centre branch or visit  https://www.scottishpropertycentre.net

 

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