Looking to move or to buy a new house? Or perhaps you’re in the process of searching for your first home? The housing market can be challenging, but with interest rates still reasonable and emphasis on city regeneration, now is as great a time as any to purchase a new house.
There are a number of factors to think about if you’re considering buying a house in a new area. Your budget, the facilities you’d like, the lifestyle and more should all be factored in when searching for your new home, as well as your location of choice. To help you make your decision, here are some of the best places to buy in the UK
Nottingham
Nottingham is often missed or skipped over by home websites and travel magazines, though it’s somewhere you should definitely take a note of. Currently, Nottingham is one of the best places to invest for potential buyers, and prices have grown almost 20% in five years.
The city locates two major universities in the city centre, meaning it is rapidly redeveloping to keep up with the times. Alongside this there is a bustling job market to accommodate the new grads, which is quickly transforming into a business and creative quarter.
What’s more is the city’s ability to meld the old with the new. The city is full of architecture and historical landmarks, places such as the National Justice Museum, Newstead Abbey and the miles of man-made caves that run underneath the city make it a great place for families and retired couples to live.
Liverpool
Liverpool has received a resurgence in the last couple of decades. The city is bright, busy and has so much to offer to prospective home buyers. The city is well connected to other parts of the North West, as well as other parts of the U.K, but both road and rail.
The city alone has 43 parks and an amazing waterfront which lends to its perception as a modern city. Alongside its World Heritage Status, the city hosts amazing events such as the River of Light Festival and international music events.
In terms of housing prices, Liverpool is a definitely somewhere you should consider. According to Rightmove data, the average house price in 2017 was just over £150,000, much down from the national average of £240,000. Housing prices such as these make entering the market much easier than other larger city locations, where prices are still rising.
Gateshead
A town between the cities of Newcastle and Sunderland, Gateshead often gets overlooked by home buyers. But it is the town’s great location that makes it such a great place to consider buying a home.
The town has excellent transport links to the cities that surround it, through metro, bus and road. You have all the advantages of living in a bustling city centre, without actually having to live there.
Alongside great transport links, the town has good security and new, affordable housing estates. There are many new homes in Gateshead that are perfect for buyers in any life stage, being located out of a city centre means that housing prices are likely to be lower, too.
Glasgow
Like the other cities on this list, Glasgow has often been overlooked as a location to purchase a new home. Either due to being over compared to its capital Edinburgh, or for uncertainty the housing market, though these concerns are nothing compared to the benefits of buying in the city.
The city hosted the Commonwealth Games in 2014 and has been riding a high ever since. The city has been redeveloped in many areas with different housing including flats semi-detached houses cropping up along the river Clyde, not to mention the creation of a bustling creative and hospitality quarter.
Housing prices are another advantage for the city. Most are cheaper than Edinburgh and you can get a lot for your money. According to data from Zoopla, the average house price sits just under £200,000. Compared to the average for Edinburgh being £280,000, that’s a lot of money that you could save whilst enjoying a great city.
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