28 Feb

Bigger cities offer cheaper houses for sale in the UK

Bigger cities offer cheaper houses for sale in the UK

Potential homeowners looking for houses for sale in the UK could find property is now cheaper in certain areas.

More of Britain's biggest cities are now more affordable, according to research by Halifax.

The lender says falling house prices between 2007 and 2010 means more people may now be able to afford to get onto the property ladder.

In addition, homebuyers have a greater choice of property for sale in the UK.

First-time buyers could buy a semi-detached property in five out of the ten largest UK cities, compared to just one at the end of 2007.

London is the only major city where average property prices remain above £250,000.

Research from the Council of Mortgages Lenders Scotland has revealed that property for sale in Scotland is more affordable.

The average Scot borrowed 2.75 times their earnings in 2010 to buy houses for sale in Scotland, compared with 3.03 for the UK as a whole.ADNFCR-1222-ID-800431758-ADNFCR

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