The average UK home is now worth £2,400 more than it was 6 months ago. But if you own a terraced property in the north, it's likely to be a lot more than that.
Izabella Lubowiecka
Senior Property Researcher
Izabella is a senior property researcher at Zoopla with more than 5 years of experience in residential property.
Latest articles by Izabella Lubowiecka
The required income to buy a home has increased in recent years. But what does that mean in real numbers? And where is the most affordable place to buy in the UK?
A third of homes for sale are cheaper to buy than rent, with the average first-time buyer saving £93 a month on a mortgage instead of renting.
The supply of homes for sale has hit a five year high with 20% more homes on the market compared to this time last year.
The average rent in the UK is now £1,223 per month after 7.2% growth in the last year. The highest average rent in the UK is in London (£2,121) while the North East has the lowest monthly rent (£695).
Rents jumped 9% in the last year, adding £1,200 - a month’s worth of rent - to the average annual bill.
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