Being single with a single income can make it hard to buy property but there are some places that have affordable housing that a single person can purchase. Newcastle-Under-Lyme has one bedroom flats that average three times less than other areas in England and Wales. Other areas such as North Tyneside and Kirklees are also more affordable. These properties are easier to purchase as a first time buyer than properties found in the South, especially around London.
Key Takeaways:
- Single people experience greater challenges buying real estate than couples do.
- New research aims to help single people find their best locations to own property.
- In the end, it was found that owning property in the North was most realistic for singles.
“It found that the average mortgage repayment on a one-bedroom flat in Newcastle-under-Lyme equates to 10.84 per cent of the monthly wage in the area.”
Read more: https://www.dailymail.co.uk/property/article-5440231/The-cheapest-places-buy-home-youre-single.html