Have your heart set on buying a home but think they are all priced too high for your comfort? Then this is your lucky day. Newly released statistics shows that the cost for houses in some areas has actually gone down, opening the proverbial (and literal) door for buyers without such deep pockets. You’ll still need to put down a deposit and qualify for a mortgage, but the lower pricing makes that more attainable now. Read more to discover the areas that have decreased in cost.

Key Takeaways:

• In Redcar and Cleveland, the average house-buying price for first-timers dropped 4% between May of last year and this.
• Not far behind, Middlesbrough experienced a decrease of 3% in the same period.
• Even with reduced costs, Cleveland buyers can expect to need a deposit of more than £10,000.

“Meanwhile, the only places to see an increase in the Teesside area was
Stockton, where the average house price went up by 2% in a year.”

Read more: https://www.gazettelive.co.uk/news/property/here-good-news-youre-first-13438831