- 1. London: £521,700
- 2. Cambridge: £465,000
- 3. Oxford: £452,500
- 4. Bournemouth: £344,500
- 5. Bristol: £334,700
- 6. Portsmouth: £285,200
- 7. Edinburgh: £267,200
- 8. Southampton: £261,300
- 9. Cardiff: £253,500
- 10. Leicester: £225,000
- 11. Manchester: £219,000
- 12. Leeds: £207,300
- 13. Birmingham: £205,700
- 14. Nottingham: £201,200
- 15. Sheffield: £170,300
- 16. Belfast: £165,900
- 17. Liverpool: £155,300
- 18. Newcastle: £148,900
- 19. Glasgow: £141,900
- 20. Aberdeen: £139,100
With an average property price of £521,700, London leads the way as the most expensive place to buy a home in the United Kingdom.
In a composite of 20 UK cities for March 2023, the Zoopla House Price Index found that Cambridge is the second most expensive city to buy property, with an average price of £465,000. Oxford (£452,500), Bournemouth (£344,500) and Bristol (£334,700) make up the top five.
According to Zoopla the average price for property in the UK was £259,700 in March – up 3% year-on-year. The annual house price growth has slowed, but the “worst of the month-on-month price falls are now behind us”, the report said.
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At the other end of the scale, Burnley in Lancashire “holds the title of the cheapest place to buy”, said Lee Boyce in the Daily Mail. It costs £117,320 on average to buy property in Burnley, compared to £71,040 ten years ago.
Zoopla House Price Index’s city summary – March 2023
The real estate website said that the “sparklines show the last 12 months trend in annual and monthly growth rates – red bars are a negative value – each series has its own axis settings providing a more granular view on price development”.
Starting with London, we look at the most expensive places to buy property, according to the Zoopla House Price Index:
1. London: £521,700
2. Cambridge: £465,000
3. Oxford: £452,500
4. Bournemouth: £344,500
5. Bristol: £334,700
6. Portsmouth: £285,200
7. Edinburgh: £267,200
8. Southampton: £261,300
9. Cardiff: £253,500
10. Leicester: £225,000
11. Manchester: £219,000
12. Leeds: £207,300
13. Birmingham: £205,700
14. Nottingham: £201,200
15. Sheffield: £170,300
16. Belfast: £165,900
17. Liverpool: £155,300
18. Newcastle: £148,900
19. Glasgow: £141,900
20. Aberdeen: £139,100
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