Whether you’re a first time buyer hoping to get onto the first rung of the ladder, or a seasoned owner looking to upgrade or purchase a second home, you’ll know that one word most people probably won’t use to describe the process is ‘easy.’
But now new research has shown that making the process simpler could all be down to location, by revealing the easiest places to buy a property in the UK.
The study was conducted by Compare the Market, who came up with the data on the fastest moving markets in the country by considering the average number of days a property spends on the market, the number of estate agents in an area, the number of properties available per 100,000 people and the average length of time current owners have lived in their properties.
Top of the list was the historic city of Canterbury in Kent, where homes stay on the market for an average of just 28 days (for context, the average in London is 89).
Second was bustling Bristol, thanks in part to the high turnover of local residents – on average, homeowners spent just 2.5 years living in their property in the Somerset city.
The 10 easiest cities to buy a property in the UK
1. Canterbury (average house price: £311,154)
2. Bristol (average house price: £311,103)
3. Southampton (average house price: £280,128)
4. Manchester (average house price: £185,583)
5. Nottingham (average house price: £194,099)
6. York (average house price: £274,153)
7. Glasgow (average house price: £170,811)
8. Newcastle (average house price: £200,907)
9. Bradford (average house price: £131,036)
10. Portsmouth (average house price: £223,910)
The national average cost for a house in the UK is of £292,893, according to Compare the Market – so it’s heartening to see that several of the regions in the top 10 came in with lower price points.
The best area for those on a budget was Bradford, with an average house price of just over £131,000.
While Canterbury claimed the top spot, it also proved to be the most expensive, with average homes costing more than £311,000. However, when you compare that to London’s average of £639,629, it quickly starts to appear more affordable…