Top 10 Most Expensive Cities In The UK
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| Top 10 Most Expensive Cities In The UK. Photo KnowInsiders |
Why the most expensive?
While London slipped outside the top five least affordable cities for the first time in six years, Winchester topped the list this year. Calculated by assessing housing costs in relation to people’s average earnings, the 20 least affordable also included Bath, Chichester, and Truro in the top five.
Cornwall's only city has been named among the most profitable places in the UK to run a holiday let from and in turn, one of the priciest to rent one.
Beating the likes of London, Glasgow and Manchester in terms of average cost per night, Truro has been named one of the most profitable cities in the UK to own an Airbnb, according to a recent study,
Crafted Beds conducted the study to determine which UK locations will increase the value of an Airbnb listing per night with Airbnb becoming a reliable source of income for many across the county.
It found that Truro came in ninth place with an average price of £92.50 per night making the city's Airbnbs more profitable than the average one in London at £90.20 per night.
Taking the top spot was Newcastle at £122 per night on average followed by Leeds at £121.60 and York at £120. Exeter came in fourth place with an average nightly rate of £118.60.
Bath came in at the same average nightly cost as Truro with London, Belfast, Bristol, and Manchester all falling behind.
Edinburgh is apparently charging the least at an average of £64.40 per night with Aberdeen and Birmingham also coming in at under £80 per night on average.
Crafted Beds said that with a rise in the number of staycation holidaymakers, Airbnb was once again becoming a reliable source of income for many in the UK.
Airbnb has been criticised in recent times due to a number of growing Airbnb rentals in the county but a lack of long term rental housing in Cornwall.
Top 10 Most Expensive Cities In The UK:
The list features the average house cost per city, followed by the average salary.
1. Winchester, South East, 14.0 points, £630,432, £45,059
2. Oxford, South East, 12.4, £486,928, £39,220
=3. Truro, South West, 12.1, £356,788, £29,558
=3. Bath, South West, 12.1, £476,470, £39,508
5. Chichester, South East, 10.6, £446,899, £37,352
6. Cambridge, East Anglia, 11.9, £482,300, £40,492
7. Brighton and Hove, South East, 11.6, £449,243, £38,737
8. London, South East, 11.0, £564,695, £51,257
=9. St Albans, South East, 10.2, £604,423, £59,391
=9. Chelmsford, South East, 10.2, £424,690, £41,781
Details of 10 Most Expensive Cities In The UK:
1.Winchester
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| Photo Getty |
Coming in at first place is the cathedral city of Winchester, which has been named as the most expensive location to live in the UK.
Located in the southeast of England, the average cost of a house in Winchester is 14 times more than the average salary in the city.
2. Oxford
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| Photo BBC |
Holding second and home to one of the leading universities in the world is the city of Oxford in southern England.
Filled with history and architecture that dates back to the 12th century, it costs a small fortune to live in this historic city.
READ MORE: Top 10 Most Beautiful Lakes in the UK
3.Truro
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| Photo wiki |
Cornwall's only city has been named among the most profitable places in the UK to run a holiday let from and in turn, one of the priciest to rent one.
Beating the likes of London, Glasgow and Manchester in terms of average cost per night, Truro has been named one of the most profitable cities in the UK to own an Airbnb, according to a recent study,
Crafted Beds conducted the study to determine which UK locations will increase the value of an Airbnb listing per night with Airbnb becoming a reliable source of income for many across the county.
3.Bath
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| Photo Historic UK |
The largest city in Somerset, the city of Bath offers Georgian townhouses, Roman-built baths, and stunning architecture throughout.
The stunning scenery draws tourists from all over the world - it's no wonder the city is deemed one of the top places to live.
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5. Chichester
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| Photo Travel About Britain |
Located in West Sussex, the cathedral city of Chichester has a similar history to Bath with its Roman heritage and stunning architecture.
Voted by The Sunday Times as one of the best places to live in the South East in 2020, it has every kind of trendy restaurant, bar and shop.
6. Cambridge
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| Photo Mirror |
The city is known for the prestigious University of Cambridge, the beautiful River Cam and its buildings stooped in history.
Extortionate accommodation costs are the main contributor to the city becoming one of the most expensive places to live in the UK.
7. Brighton and Hove
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| Photo Traveller |
A coastal city with a price - Brighton and Hove has been rated as one of the expensive places as many flock to the coast to escape the smog of London.
It was recently marked as the second most expensive place to live in the UK back in 2018 - but has since dropped a little lower with other major cities taking over.
8. London
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| Photo Getty |
The capital of England is named as one of the most expensive places to live in the UK but has fallen behind in recent studies.
The cost of living depends on the borough, commuting distance, and type of accommodation.
Westminster, Kensington and Chelsea are the top priciest places - and the average Kensington abode has an average asking price of £3 million.
9.Chelmsford
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| Photo Mirror |
Chelmsford has been found to be the 10th most expensive place to live in the UK. The Essex town acts as a commuter area for many to travel into London with just a 40-minute train journey.
It has been marked as one of the safest places to live in Essex with acres of green space, hilltop views, and gardens.
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9. St Albans
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| Photo The Times |
Just north of London in Hertfordshire, we have another commuter central, St Albans, known for its old cathedral and medieval history.
Predominately working as a commuter city, St Albans has a large population and a high price tag to match.
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