What city in the UK the most available?

Two of the most popular cities in the UK, Oxford and Winchester are considered the least affordable cities in the UK. Prices for residential property in these cities are growing so much that real estate is no longer affordable to ordinary buyer.

After the 2008 crisis, property prices fell significantly, but in the past, in 2013, there was a sharp rise in prices, especially in big and industrial cities, which, respectively, impact on accessibility, as growth of incomes of Britons is still far behind the pace of price growth.

In General, after the crisis of 2008 the situation with the availability of residential property in the UK has significantly improved in 51 of 62 cities and to this day it remains at a better level than before the crisis. Thus, the average price of residential property in the city is now £184215 , it is approximately 5.8 average annual salary. Moreover, the measure of affordability deteriorated over the past year, when they started to increase prices, about a year ago it was equal to 5,6 wages. And in 2008, the average house or apartment cost the Briton a 7.2 annual salaries.

The most affordable city in the UK are in Scotland, Northern Ireland and Northern England, less accessible – in the heart of England and in Wales. In the southern part of England most accessible of Lichfield, Leicester and York. Among the most inaccessible of cities – cities with the fastest rising prices. Topping the list of such cities is Aberdeen where prices rose by 94% in 10 years, Dundee – price growth of 60%, Inverness by 46%. In England, in the cities of Carlisle, hull and Bradford prices rose by 40% or more.

Soaring prices in the southern cities of England much impact on their availability. For example, in Oxford, the availability of real estate is 11.25 average annual earnings, and the average price of residential property £340864 pound. Perhaps such a complex situation with real estate in Oxford happened because here flowed capital of foreign investors and people working in London, where wages are much higher. Winchester is in second place on the unavailability ratio of 9.65 , then Truro – 8,57 , bat – 8.05 and Brighton & Hove – 7,94 , the top five most inaccessible cities in the UK

The most affordable city in the UK – the city of Stirling in Ireland, where a man need only 3.3 annual salary, to earn money for housing, which costs £132734 pound.

In General, over the last 10 years the situation with availability of real estate in UK cities has improved, which should please the British.

 Real Estate Aberdeen

Real Estate Sheffield

Real Estate Leicester

Real Estate York

Real estate Oxford

Real Estate Brighton

® Alice Morgan G. 10.03.2014