Greater Manchester has been identified as one of the most affordable areas for first-time buyers in Great Britain. A new affordability index released by The Skipton Group today (July 22) has revealed the the stark reality of securing your first home in today's current climate.
With high house prices and soaring rent costs across the country, it's becoming increasingly difficult for young people to take their first steps onto the property ladder.
The Index, created in partnership with Oxford Economics, pulls together data from sources such as the Office for National Statistics and the Bank of England to provide fresh insight on the affordability challenges faced by renters, first-time buyers and homeowners by age, income, geography and family-type.
Through analysing the affordability of buying a property in Great Britain and the cost of running it too, Greater Manchester has been highlighted as one of the more cost-effective places for those wanting to buy their first home. READ MORE: Couple in 20s build their own tiny cabin home to live rent-free and 'survive' during housing crisis According to Skipton, Greater Manchester was ranked 7th out of 40 regions in Great Britain for first-time buyer affordability.
Read more on manchestereveningnews.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.