A region in Scotland has been revealed as the cheapest in the UK.
The areas in Scotland where home buyers get the most and least for their money have been revealed by property experts. An iconic city was revealed to be the most expensive destination in the country for prospective buyers, while a beautiful coastal region was named the cheapest.
On Wednesday, April 15, Zoopla carried out analysis to reveal where purchasers can get the most bang for their buck in different locations across the UK. The property website examined how much the equivalent of a sheet of A4 paper in floorspace would cost in each area.
According to Zoopa, Argyll and Bute is the region of Scotland where prospective buyers can get the most for their money. The experts revealed that the average cost of an A4-sized piece of floorspace in the area is just £74, which also makes it the most affordable destination in Britain.
Argyll and Bute is situated on the west coast of Scotland, and covers the second-largest administrative area of any Scottish council. It is home to 23 inhabited islands, and is renowned for its spectacular scenery and beaches and its wildlife spotting opportunities—with golden eagles and red deer calling the region home.
The largest settlement in Argyll and Bute is the town of Helensburgh, which is home to a population of around 13,000 people. This is followed by Oban and Dunoon, with the former renowned for its acclaimed seafood restaurants and easy access to many of Scotland’s beautiful islands.
On the other hand, Edinburgh was named by the experts at Zoopla as the area of Scotland where you get the least for your money when purchasing a home. The average cost of an A4-sized piece of floorspace in the capital is £204, according to the research – £130 higher than in Argyll and Bute.
Edinburgh is a popular place to live due to its history, culture, attractions, and beautiful architecture. The city also hosts the famous Edinburgh Festival Fringe each August, which is the largest and most renowned performing arts festival in the world and features tens of thousands of performances.
In England, the sum of £200 would get home buyers in Westminster the equivalent of just a quarter of a sheet of A4 paper in floor space. Meanwhile, in Burnley in Lancashire, this amount would stretch to more than two full sheets typically according to the analysis by Zoopla.
Elsewhere, home buyers in major cities such as Manchester, Leeds, Sheffield, Liverpool, Birmingham, Coventry, Wolverhampton, Newcastle and Cardiff could buy a full sheet of A4-sized floor space for £200. Meanwhile, in Yorkshire, an A4-sized floor space in York will set buyers back around £209 typically.
Executive director at Zoopla Richard Donnell commented: “Our analysis shows that the gap between what £200 gets you in Westminster versus what it buys in the North West is not just a number—it is the difference between a sliver of a page and two full sheets of paper.
“That is the true scale of Britain’s housing divide, and it is something every buyer and homeowner should understand as they plan their next move.”
See below for the full list of the most and least affordable locations in areas across the UK according to Zoopla, showing the average cost of an A4-sized floorspace.
Scotland
- Most affordable: Argyll and Bute, £74
- Least affordable: Edinburgh, £204
East Midlands
- Most affordable: Boston, £115
- Least affordable: South Northamptonshire, £206
Eastern England
- Most affordable: Fenland, £138
- Least affordable: St Albans, £351
London
- Most affordable: Barking and Dagenham, £273
- Least affordable: Westminster, £837
North East
- Most affordable: Sunderland, £83
- Least affordable: Northumberland, £134
North West
- Most affordable: Burnley, £80
- Least affordable: Trafford, £212
South East
- Most affordable: Portsmouth, £171
- Least affordable: Elmbridge, £363
South West
- Most affordable: Plymouth, £133
- Least affordable: Christchurch, £243
Wales
- Most affordable: Blaenau Gwent, £84
- Least affordable: Monmouthshire, £179
West Midlands
- Most affordable: Stoke-on-Trent, £104
- Least affordable: Warwick, £213
Yorkshire and the Humber
- Most affordable: North East Lincolnshire, £90
- Least affordable: York, £209
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