According to MoneySupermarket, Oxford is the best of 35
Cities surveyed for first-time buyers. The
Index analysed 35 UK cities against key criteria for first-time buyers,
including the cost of a one-bed property, crime statistics, job opportunities
and average salary in the local area.
Best five cities for first time buyers:
Oxford - first
place due to high average salaries, good job opportunities and its position within
the commuting belt to London.
Bath - second
place due to the highest job availability of all cities analysed, with 13.76
vacancies per 100 capita, while big company headquarters within commuting
distance of Bath - such as Clark’s Shoes, Screwfix and Future Publishing - also
make it an attractive city for those looking to settle down.
Wolverhampton -
third place because it scores marks for affordable housing, with an average
one-bed property costing £97,821 - significantly lower than the national
average of £134,561.
York - fourth
place despite relatively high housing costs - at over £155,000 for a one-bed
flat - due to a low contents theft rate, at only 6.9 per 1,000 capita. A
relatively high disposable income, at £17,663 per household, also puts this city
in the top five.
Aberdeen - fifth
in the rankings and beats Glasgow by 17 places, thanks to a higher average
disposable income and good average house prices - £164,041 compared to London’s
average of just under £500,000 (£484,172).
At the other end of the spectrum is London, which ranks lowest in the table, alongside Newry, Hull,
Sheffield and Leicester.
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