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New figures reveal the cost of buying a home in Cumbria

New data from the Office for National Statistics shows that the median house price in Cumberland Council is £165,000, while in Westmorland and Furness Council, it is £230,500.
The affordability ratio in Cumbria presents challenges for first-time buyers and lower-income households, despite lower prices in Cumberland Council.
Historical industrial centers like Workington and Carlisle in Cumberland offer a more affordable housing market, while Westmorland's prices are driven by the Lake District's demand.
A study by Telegraph Money named Barrow-in-Furness the most affordable area due to high wages and lower house prices.

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The Mail

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New figures reveal the cost of buying a home in Cumbria

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Wales Online

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Mortgage Finance Gazette

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Average UK house prices increased by 4.9%, to £269,000, in the 12 months to January 2025; this annual growth rate is up from 4.6% in the 12 months to December 2024. This is according to the latest data from the Office for National Statistics which… The post Average UK house price almost up 5% in Jan: ONS appeared first on Mortgage Finance Gazette.

7 days ago

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