Where is the cheapest place in the UK to buy a home?

The lowest-priced places to buy in the UK have been revealed in the latest Rightmove House Price Index.

The most affordable homes were found to be in the North East of England.

The average price of a home in the North East is £186,144, up 0.8% month on month and 2.6% year on year.

Wales ranked in the middle of the list, with average home prices of £257,090.

This was a 1.4 percent decrease month over month and a 1.5 percent decrease year over year.

Unsurprisingly, residences in the capital remained the most expensive.

A typical house in London will cost buyers £672,961.

This is down 2.3 per cent month on month, but it is an increase of 0.7 per cent year on year.

This was closely followed by homes in Scotland, which can be purchased for around £190,305.

Properties in Scotland were the quickest to sell, taking around 31 days.

Wales had the slowest selling times, taking around 62 days to sell a house.

Average house prices in UK as of 2023

North East £186,144
Scotland £190,305
Yorks. & Humber £244,323
North West £253,859
Wales £257,090
East Midlands £285,650
West Midlands £286,250
South West £384,182
East of England £418,980
South East £481,452
London £672,961

Average days to sell

Scotland – 31 days
North East – 49 days
West Midlands – 54 days
South East – 54 days
North West – 54 days
Yorks. & Humber – 56 days
South West – 59 days
East of England 59 days
East Midlands – 60 days
London – 61 days
Wales – 62 days

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