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Ranked: The UK's best (and worst) cities for first-time buyers

City AM logo City AM 07/03/2018 Emma Haslett

a boat in the water © Provided by CityAM London is officially the least affordable place in the UK for first-time buyers - while Hull has been named the most affordable. 

A ranking by online property portal Zoopla said with an average house price of £518,178 and an average deposit of £77,727, the capital was the least affordable city.

By contrast, buyers in Hull must stump up just £15,656 to buy their first home, which will be valued at an average of £104,376. That was followed by Middlesbrough, with an average house price of £107,041 and a deposit of £16,056.

The UK's most affordable cities for first-time buyers

 
CityAverage priceAverage deposit
1Hull£104,376£15,656
2Middlesbrough£107,041£16,056
3Liverpool£122,137£18,320
4Nottingham£133,631£20,045
5Coventry£171,189£25,678
6Manchester£168,761£25,314
7Swansea£133,514£20,027
8Stoke on Trent£109,953£16,493
9Doncaster£115,313£17,297
10Preston£125,840£18,876

Liverpool, Nottingham and Coventry completed the top five most affordable cities - while Cambridge, Brighton, Colchester and Reading made up the top five least affordable cities.

Overall, six of the 10 most affordable cities were in the North of England, while eight of the 10 least affordable were in the South. 

“It’s no surprise to see cities in the north offering the most viable options for first-time buyers in Britain. Prices in Southern England have continued to rise at a relatively fast rate, making it very difficult for the average first-time buyer to get on the property ladder," said Zoopla's Lawrence Hall.

"The recent relief from Stamp Duty Land Tax on the first £300,000 of a property purchase will clearly help those aiming to get on the property ladder.”

The UK's least affordable cities

 
CityAverage priceAverage deposit
1London£518,178£77,727
2Cambridge£438,109£65,716
3Brighton£420,301£63,045
4Colchester£255,221£38,283
5Reading£325,354£48,803
6Bedford£252,060£37,809
7Bournemouth£294,275£44,141
8York£229,319£34,398
9Edinburgh£260,897£39,135
10Milton Keynes£255,573£38,336

 

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