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Glasgow Live
Glasgow Live
National
Vicky Shaw & Laura Ferguson

Glasgow is the second most affordable city to buy a home in the UK

Glasgow is the most affordable city to buy a home in Scotland and the second most affordable in the UK, according to analysis.

The average price of a home in major cities across the UK has increased by nearly £90,000 over the past decade.

In Glasgow, the average house price is £123,577 - 15.0% higher than the beginning of the decade, or £16,087 in cash terms. Only Liverpool's average pricing is lower at £121,858.

As the end of the decade nears, Zoopla found the average house price across the UK's 20 biggest cities has increased by £89,987 across the period - or around 54%.

This is a bigger increase than the average house price uplift across the whole of the UK over the past 10 years, at £62,218. 

But city house price growth has varied widely over the past decade, reflecting the relative strength of local economies.

Looking ahead, Zoopla expects city house prices to increase by 3% over 2020 as a level of pent-up demand returns to the market following the General Election result.

Richard Donnell, research and insight director at Zoopla, said: "The election result provides an element of certainty for households looking ahead to 2020, but the result changes very little in terms of housing market fundamentals.

"While we expect some pent-up demand to return to the market in (the first quarter of) 2020, the affordability of housing across the country will dictate the level to which prices will increase in 2020.

"Lower mortgage rates have already been reflected in higher house prices, which means house prices are set to rise at a lower rate in future - more in line with average earnings.

"We expect UK city house prices to increase by 3% over 2020."

Here are current average house prices followed by the change in percentage and cash terms over the past decade, according to Zoopla:

- Aberdeen, £158,945, minus 0.7%, minus £1,164

- Belfast £137,987, minus 3.4%, minus £4,896

- Birmingham, £167,624, 43.1%, £50,520

- Bournemouth, £291,023, 44.5%, £89,576

- Bristol, £285,564, 67.7%, £115,243

- Cambridge, £416,932, 67.4%, £167,808

- Cardiff, £211,088, 38.1%, £58,263

- Edinburgh, £240,408, 34.5%, £61,693

- Glasgow, £123,577, 15.0%, £16,087

- Leeds, £168,595, 31.3%, £40,155

- Leicester, £180,137, 48.5%, £58,870

- Liverpool, £121,858, 17.2%, £17,872

- London, £478,982, 74.4%,£204,371

- Manchester, £173,396, 43.8%, £52,774

- Newcastle, £129,650, 15.6%, £17,502

- Nottingham, £157,752, 43.6%, £47,895

- Oxford, £411,473, 56.3%, £148,235

- Portsmouth, £239,621, 46.2%, £75,773

- Sheffield, £139,321, 27.1%, £29,681

- Southampton, £227,980, 42.2%, £67,706

- Average across all 20 cities, £257,198, 53.8%, £89,987

- Average across whole of UK, £219,986, 39.4%, £62,218

Glasgow Live has a community group dedicated to all things property. Join the conversation, share your flat or find out where's hot to buy over on Glasgow Property .

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