Wednesday, August 11, 2021
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
All News
  • Home
  • Business
  • Technology
    • Tech News
    • Tech Reviews
  • Finance
  • Marketing & Advertising
  • Investment
  • Cryptocurrency
No Result
View All Result
  • Home
  • Business
  • Technology
    • Tech News
    • Tech Reviews
  • Finance
  • Marketing & Advertising
  • Investment
  • Cryptocurrency
No Result
View All Result
All News
No Result
View All Result

Most and least affordable UK cities in 2021 revealed

by All News Admin
August 11, 2021
in Business
0
Home Business
Share on FacebookShare on TwitterShare on Email



Shopping for a house in a UK metropolis will usually set a purchaser again by greater than eight occasions common earnings, evaluation has revealed.

A ten.3% surge in metropolis home costs over the previous yr now sees the common property costing 8.1 occasions common earnings, Halifax discovered.

Whereas the common metropolis home worth elevated to £287,440, common earnings in these places elevated by solely 2.1% yearly, to £35,677.

The affordability of metropolis residing has worsened. In 2020, home costs in cities usually had value round seven and-a-half occasions wages.

After sitting at 5.6 from 2011 to 2013, the home price-to-earnings ratio in UK cities has elevated for eight years in a row.

Nonetheless, cities nonetheless are usually marginally extra reasonably priced than the UK as a complete, which has a home price-to-earnings ratio of 8.5.

Wages in cities are sometimes increased than in rural areas, and throughout the coronavirus pandemic many metropolis dwellers have relocated to the countryside, serving to to push up home costs there.

Londonderry held its place because the UK’s most reasonably priced metropolis for the third yr in a row, with a price-to-earnings ratio of 4.7.

A common view of Londonderry, which has been recognized because the UK’s most reasonably priced metropolis to purchase a house (Paul Religion/PA)

(PA Archive)

Winchester was recognized because the UK’s least reasonably priced metropolis, changing earlier table-topper Oxford, with properties now 14 occasions annual earnings for these residing and dealing there.

London was exterior the highest 5 least reasonably priced cities for the primary time in six years.

Russell Galley, managing director, Halifax, stated: “Affordability is considerably higher within the north and there are actually simply two cities – Plymouth and Portsmouth – with higher than common affordability within the south.”

Housing affordability improved in seven cities in contrast with a yr earlier: Oxford, Carlisle, Portsmouth, Durham, Salford, Inverness and Glasgow.

Carlisle and Aberdeen are actually extra reasonably priced than 5 years in the past, with their home price-to-earnings ratios easing.

Home costs in Inverness are extra reasonably priced in contrast with 10 years in the past, when evaluating property costs with earnings, Halifax stated (Jane Barlow/PA)

(PA Archive)

Inverness is the one metropolis discovered to be extra reasonably priced than 10 years in the past. A mean house there prices 5.6 occasions common earnings, down from 6.2 in 2011, attributable to wage progress there outstripping home worth progress.

Listed below are the highest 20 most reasonably priced cities in 2021, in accordance with Halifax, with the price-to-earnings ratio adopted by the common home worth and common annual earnings:

1. Londonderry, Northern Eire, 4.7, £155,917, £33,138

=2. Carlisle, North, 4.8, £163,232, £34,087

=2. Bradford, Yorkshire and the Humber, 4.8, £164,410, £34,219

=4. Stirling, Scotland, 5.4, £208,927, £38,744

=4. Aberdeen, Scotland, 5.4, £205,199, £38,016

=4. Glasgow, Scotland, 5.4, £196,625, £36,205

7. Perth, Scotland, 5.5, £203,229, £36,700

=8. Inverness, Scotland, 5.6, £191,840, £34,373

=8. Hull, Yorkshire and the Humber, 5.6, £156,424, £27,730

10. Dundee, Scotland, 5.8, £181,150, £31,344

11. Sunderland, North, 6.0, £179,567, £29,745

12. Lisburn, Northern Eire, 6.1, £203,386, £33,138

=13. Salford, North West, 6.2, £211,903, £34,444

=13. Durham, North, 6.2, £196,274, £31,762

=13. Liverpool, North West, 6.2, £215,741, £34,911

=13. Belfast, Northern Eire, 6.2, £205,228, £33,138

=13. Lancaster, North West, 6.2, £217,392, £35,004

18. Newcastle-upon-Tyne, North, 6.3, £229,434, £36,212

19. Stoke-on-Trent, West Midlands, 6.5, £200,161, £30,698

20. Hereford, West Midlands, 6.6, £316,929, £48,048

Listed below are the highest 20 least reasonably priced cities in 2021, in accordance with Halifax, with the price-to-earnings ratio adopted by the common home worth and common annual earnings:

1. Winchester, South East, 14.0, £630,432, £45,059

2. Oxford, South East, 12.4, £486,928, £39,220

=3. Truro, South West, 12.1, £356,788, £29,558

=3. Tub, South West, 12.1, £476,470, £39,508

5. Chichester, South East, 10.6, £446,899, £37,352

6. Cambridge, East Anglia, 11.9, £482,300, £40,492

7. Brighton and Hove, South East, 11.6, £449,243, £38,737

8. London, South East, 11.0, £564,695, £51,257

=9. St Albans, South East, 10.2, £604,423, £59,391

=9. Chelmsford, South East, 10.2, £424,690, £41,781

11. Salisbury, South West, 10.0, £392,355, £39,154

12. Exeter, South West, 9.9, £323,554, £32,635

13. Leicester, East Midlands, 9.7, £279,080, £28,725

14. Norwich, East Anglia, 9.4, £306,946, £32,632

15. Bristol, South West, 9.3, £346,902, £37,357

=16. Southampton, South East, 9.0, £310,435, £34,429

=16. Canterbury, South East, 9.0, £365,168, £40,565

=16. Gloucester, South West, 9.0, £287,600, £31,987

19. Worcester, West Midlands, 8.8, £303,132, £34,389

20. Cardiff, Wales, 8.7, £276,851, £31,946



Source link

Tags: affordableCitiesrevealed
Previous Post

Hawaiian Airlines Issues Employee Vaccine Mandate

Next Post

Motherboard makers are releasing updates to help with Windows 11 compatibility

Related Posts

Business

Amazon shifts up to £8.2bn of UK revenues to Luxembourg, report finds

August 11, 2021
Business

Flutter’s punt on US gambling business FanDuel has played out in spades | Nils Pratley

August 11, 2021
Business

3 Tips to Setting Boundaries

August 10, 2021
Business

R. Kelly’s Sex Trafficking Case Moving Forward After Two-Year Delay

August 10, 2021
Business

Kicking Ass In A Corset: The Jane Austen Toolkit For Every Entrepreneur In A Post Pandemic World

August 10, 2021
Business

This AI-Powered Tool Is Like Having a Professional Copywriter On-Site

August 10, 2021
Load More
Next Post

Motherboard makers are releasing updates to help with Windows 11 compatibility

The Best Budget Laptops for 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECENT UPDATES

BENQI and Avalanche Launch $3M Liquidity Mining Initiative to Accelerate DeFi Growth – Press release Bitcoin News

August 11, 2021

Pacific Business News senior editor Meierdiercks departs

August 11, 2021

The Story Behind Free Guy’s Pixel-Perfect Video Game Homage Posters

August 11, 2021

The Best Budget Laptops for 2021

August 10, 2021

Motherboard makers are releasing updates to help with Windows 11 compatibility

August 11, 2021

Most and least affordable UK cities in 2021 revealed

August 11, 2021

Hawaiian Airlines Issues Employee Vaccine Mandate

August 11, 2021

FuboTV stock jumps more than 10% after sports-focused streamer predicts sales will double in 2021

August 10, 2021

How brands and ad agencies are handling COVID surge

August 11, 2021

Netgear might have revealed its most secure router software yet

August 10, 2021

OnePlus teases foldable phone ahead of Samsung Galaxy Z Fold 3 unveil

August 11, 2021
Load More
Facebook Twitter LinkedIn Tumblr
All News

Get the latest news and follow the coverage of Business, Finance, Tech, Marketing & Advertising, crypto updates and more from the top trusted sources.

Categories

  • Business
  • Cryptocurrency
  • Finance
  • Investment
  • Marketing & Advertising
  • Tech News
  • Tech Reviews
No Result
View All Result

Site Map

  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2021 All News.
All News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Business
  • Technology
    • Tech News
    • Tech Reviews
  • Finance
  • Marketing & Advertising
  • Investment
  • Cryptocurrency

Copyright © 2021 All News.
All News is not responsible for the content of external sites.

  1. https://radlab.org/
  2. https://hutanpapua.id/
  3. https://bangkutaman.id/
  4. https://rmolsorong.id/
  5. https://investigasi.id/
  6. https://www.transloka.id/
  7. https://www.desbud.id/
  8. https://allnews.id/
  9. https://karangtanjung-desa.id/
  10. https://barka.starcarehospital.com/
  11. https://mabela.starcarehospital.com/
  12. https://seeb.starcarehospital.com/
  13. https://bousher.starcarehospital.com/
  14. https://jaknaker.id/
  15. https://www.inklusikeuangan.id/
  16. https://starcarehospital.com/
  17. https://beechhotel.com/
  18. tradition-jouet.com
  19. agriculture-ataunipress.org
  20. eastgeography-ataunipress.org
  21. literature-ataunipress.org
  22. midwifery-ataunipress.org
  23. planningdesign-ataunipress.org
  24. socialsciences-ataunipress.org
  25. communication-ataunipress.org
  26. surdurulebiliryasamkongresi.org
  27. surdurulebilirkentselgelisimagi.org
  28. www.kittiesnpitties.org
  29. www.scholargeek.org
  30. addegro.org
  31. www.afatasi.org
  32. www.teslaworkersunited.org
  33. www.communitylutheranchurch.org
  34. www.cc4animals.org
  35. allinoneconferences.org
  36. upk2020.org
  37. greenville-textile-heritage-society.org
  38. www.hervelleroux.com
  39. crotonsushi.com
  40. trainingbyicli.com
  41. www.illustratorsillustrated.com
  42. www.ramona-poenaru.org
  43. esphm2018.org
  44. www.startupinnovation.org
  45. www.paulsplace.org
  46. www.assuredwomenswellness.com
  47. aelclicpathfinder.com
  48. linerconcept.com
  49. palembang-pos.com
  50. dongengkopi.id
  51. jabarqr.id
  52. wartapenilai.id
  53. isrymedia.id/
  54. onemoreindonesia.id
  55. yoyic.id
  56. beritaatpm.id
  57. kricom.id
  58. kongreskebudayaandesa.id
  59. puspresnas.id
  60. ubahlaku.id
  61. al-waie.id
  62. pencaker.id
  63. bpmcenter.org
  64. borobudurmarathon.id
  65. festivalpanji.id
  66. painews.id
  67. quantumbook.id