Buying a home is no easy task in this economy, especially in Glasgow. However, you can travel just under an hour South of the city to a wee Scottish town, where home prices are not as scary. Cumnock is officially the most affordable town in the UK to buy a house according to Zoopla, and it’s right on our doorstep!
What makes for an affordable place to buy a house?
With the higher mortgage rates in the UK in 2023, people have been more open to moving further afield to be able to buy a home. So, that’s where the question of affordability comes in: what makes for an affordable place to buy a house? A lot of places where house prices are also have a low-income rate, making it pretty much the same as living anywhere else.
So, looking at the “relationship between house prices and salaries in your chosen location” is key. For example, the average UK couple’s joint salary is £72,632, while the average house price is £276,000.
Which are the most affordable towns to buy a house in the UK?
Cumnock in Scotland is the most affordable town in the UK to buy a house, with an average home value of only £79,030 and an average joint income of £75,665. Sounds like we’re moving there, like, yesterday!
Shildon in the North East of England came second, with average homes going for £69,650 and the salaries being £65,438.
Thankfully, the list is highly dominated by Scotland, with Greencok coming third with an average home valued at £93,790 and an average couple’s salary being £76,700. Saltcoats is fourth on the list, Andorssan is fifth, and Girvan is sixth.
Irvine is the seventh most affordable town to buy a house in the UK, while Port Glasgow is eighth on the list.
What are the least affordable places to buy a house in Scotland?
Unsurprisingly, Edinburgh is the least affordable place to buy a house in Scotland. According to Smart Survey, the median earnings in the Scottish Capital are £2,427 per person per month, with average house prices being a whopping £325,000.
However, Glasgow is not actually THAT bad, with the average salary being £2,208 and median house prices £180,000.