The cheapest and most expensive places to buy a house in the UK - full list

Estate agent signs sold

The cheapest place to buy has been shared

PA
Sarra Gray

By Sarra Gray


Published: 29/08/2023

- 12:00

Updated: 29/08/2023

- 15:00

London has the most expensive properties on average

The cheapest places to buy in the UK have been shared in the latest House Price Index from Rightmove.

Homes in the North East of England were shown to be the most affordable.


Homes cost an average of £186,144 in the North East, an increase of 0.8 per cent month on month and 2.6 per cent year on year.

This was closely followed by homes in Scotland, which can be purchased for around £190,305.

Estate agent showing house

Properties are most expensive in London

PEXELS

Homes in Wales fell in the middle of the list, costing £257,090 on average.

This was down 1.4 per cent month on month and down 1.5 per cent year on year.

Perhaps unsurprisingly, homes in the capital remained the priciest.

An average house in London will set buyers back by £672,961.

This is down 2.3 per cent month on month, but it is an increase of 0.7 per cent year on year.

Properties in Scotland were the quickest to sell, taking around 31 days.

Wales had the slowest selling times, taking around 62 days to sell a house.

Average house prices in UK

North East £186,144
Scotland £190,305
Yorks. & Humber £244,323
North West £253,859
Wales £257,090
East Midlands £285,650
West Midlands £286,250
South West £384,182
East of England £418,980
South East £481,452
London £672,961

For sale signs

The cheapest homes were found in the North East

PA

Average days to sell
Scotland - 31 days
North East - 49 days
West Midlands - 54 days
South East - 54 days
North West - 54 days
Yorks. & Humber - 56 days
South West - 59 days
East of England 59 days
East Midlands - 60 days
London - 61 days
Wales - 62 days

You may like