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Twenty Twenty Vision - Delving into Data 50: UK cities with the largest population

Posted by TwentyCi December 16, 2020

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A recent article identified Birmingham, Manchester, Glasgow and Newcastle as some of the cities with the largest populations in Britain outside of London. In this edition of Delving into Data, we are going to take a closer look at the mentioned areas to find out the property statistics.

On the Market Properties

  • The average asking price for a property on the market in Newcastle is £179,666 and a property is on the market for an average of 207 days.
  • The average asking price for a property on the market in Glasgow is £169,025 and a property is on the market for an average of 112 days.
  • The average asking price for a property on the market in Manchester is £219,526 and a property is on the market for an average of 139 days.
  • The average asking price for a property on the market in Birmingham is £267,253 and a property is on the market for an average of 130 days.

Glasgow has the lowest asking price compared to the other 3 areas, and it also has the lowest time on market. The highest average time on market is Newcastle and the area with the highest asking price is Birmingham.

 

Rental Market Properties

  • Rental market properties in Newcastle are on the market for an average asking price of £699 PCM (per calendar month) and the properties there are on the market for an average of 171 days.
  • Rental market properties in Glasgow are on the market for an average asking price of £723 PCM and the properties there are on the market for an average of 63 days.
  • Rental market properties in Manchester are on the market for an average asking price of £968 PCM and the properties there are on the market for an average of 114 days.
  • Rental market properties in Birmingham are on the market for an average asking price of £858 PCM and the properties there are on the market for an average of 101 days.

Newcastle has the lowest average asking price when it comes to rental market properties compared to the other three areas. Despite these lower asking prices, Newcastle also has the longest average time on market. The area with the shortest time on the market is Glasgow, and the highest average asking price is Manchester. These high asking prices are perhaps due to Manchester being identified as one of the fastest growing cities in Europe, which we examined in a previous Delving into Data article. It is also worth noting that since the article was published, the average asking price and the average rental asking prices for Manchester have both gone up.

To read more of our Delving Into Data property insight posts, click here.

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