Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Zoopla Identifies 36 Low-Cost UK Investment Towns
Zoopla has identified 36 towns where the average home price is less than twice typical household earnings. It analysed 929 towns across Britain.
A typical home across Britain is valued at £299,100, or 4.3 times annual household earnings of £69,600, based on two full-time working adults.
These locations sit well below the national earnings-to-price ratio. For letting agents and inventory clerks, the 36 towns may be relevant when discussing investment activity and rental market conditions in lower-cost areas.
The source report does not list the individual towns, nor does it detail the methodology beyond the 929 towns analysed and the earnings assumption used.
Source: Landlord Today