Tepilo looks at the best cities to buy your own home.
For most of those looking to purchase their first home, they may feel like they’re in an updated version of monopoly, where they’re never allowed to buy a house and instead are just left circling the board, throwing Monopoly money away on rent. This feeling isn’t unsubstantiated with a recent survey by HSBC revealing that UK millennials (those born between the early Eighties and mid to-late Nineties) are less likely than their peers in countries such as France, Canada, and the US to own a home.
Despite this, first-time buyers are finally on the up so we’ve decided to take a look at the best cities for those buying their first home.
The percentage of properties affordable to first-time buyers is 84% with the average property price at £153,590
Manchester is one of the UK’s top destinations for first-time buyers. The combo of good transport links, a buzzing nightlife scene, the presence of two world-class universities, and a thriving creative, tech and design sector, makes it particularly popular among highly skilled graduates, students, young professionals, and families with young children. What’s more, MediaCityUK in Salford, which is the BBC’s home in the north of England, attracts many young workers, with ‘digital creativity, learning and leisure at its heart’. In other words, it’s easy to see why Manchester and its surrounding areas are such a hub for first-time buyers.
Check out some of our gorgeous Manchester homes:
The percentage of properties affordable to first-time buyers is 98% with the average property price at £99,074
With its excellent connections by land, sea and air, the city of Southampton has become internationally renowned for its universities, theatres, and culture. It regularly makes the HSBC’s list of top 10 best places for property investors and is one of the greenest cities in the UK. With a teaching hospital, two universities, theatres, music venues, a port, a revamped marina and a developing cultural hub, Southampton is a favourite for first-time buyers and it’s easy to see why.
Here are some of our fab homes in Southampton:
The percentage of properties affordable to first-time buyers is 79% with the average property price at £165,149
If you crave the big city bustle but are priced out of London, then Birmingham could be the place for you. The second largest city in the UK, Birmingham has adopted a new identity as a centre for art, culture and a top foodie destination. With excellent school and brilliant transport links, it is ideal for young families and those looking to get on the property ladder.
We think these Birmingham properties are perfect for a first-time buyer:
The percentage of properties affordable to first-time buyers is 72% with the average property price at £162,010
Newcastle is known for its nightlife but is it also bursting with shops, restaurants, galleries, museums, concert halls and sports facilities. Newcastle has a strong appeal for families thanks to its excellent schools. There’s a real mix of properties available in the city from Victorian to contemporary that are perfect for first-time buyers.
We love these homes in Newcastle
The percentage of properties affordable to first-time buyers is 46% with the average property price at £191,582
Cardiff is a bustling and compact city that offers the best of cosmopolitan living while being only a stone's throw from beautiful coastline and countryside. The Welsh capital has undergone a series of regeneration projects over the past few years and the city has been voted one of the top three European capitals in a 2016 EU survey. The city is now home to several independent television production companies and the BBC Cymru Wales drama studio, and as a result has become a favourite among media freelancers who’ve been priced out of London.
The percentage of properties affordable to first-time buyers is 74% with the average property price at £154,481
With its reputation as the greenest city in Europe, there’s a lot more to ‘the city of steel’ than might first appear. As the UK’s fifth largest city Sheffield is an excellent place for those looking to buy their first home. Not only is it affordable but workers in the city are reported to be the happiest in the country according to a recent Guardian survey. Sheffield is built on green rolling hills and set on 150 miles of waterways – it is easy to why it’s a popular choice amongst first-time buyers.