In 2021, property prices all but one city, were classed as ‘affordable to buy a house’. Using average salary and house price data for cities, Durham is the the only place that is affordable for a single person with an average salary for that city and a mortgage of 3.5 times salary. House prices in Durham could rise by 8 per cent and still be affordable for someone on an average wage with a 20 per cent deposit.
The Northern cities occupied the entire top 10, where house prices would need to drop the by the smallest percentage, to make buying a house affordable.
Top 10 most affordable cities:
|9. Newcastle upon Tyne|
Read the entire 2021 data breakdown here: https://www.openpropertygroup.com/guides/2021-house-price-affordability-index/