UK City House Prices Compared
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UK Rent vs Buy Calculator
Work out whether renting or buying leaves you better off over 10 years — comparing mortgage, rent, and investing the difference.
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Work out the full cash you need to buy a home — deposit, stamp duty, legal fees, survey, mortgage fee and removal costs.
UK Mortgage Calculator
Calculate your monthly mortgage repayments — UK property price, deposit, interest rate and term.
Average house prices and rents, 2026
| City | Average house price | Average monthly rent |
|---|---|---|
| London | £535,000 | £2,200 |
| Bristol | £340,000 | £1,100 |
| Edinburgh | £280,000 | £1,150 |
| Cardiff | £257,000 | £1,050 |
| Manchester | £250,000 | £1,100 |
| Birmingham | £215,000 | £900 |
| Leeds | £210,000 | £1,050 |
| Sheffield | £177,000 | £750 |
| Liverpool | £167,000 | £800 |
| Glasgow | £163,000 | £800 |
| Newcastle | £162,000 | £800 |
What houses cost across the UK
Average prices vary enormously between cities. London sits at around £535,000, roughly double Manchester and more than three times Newcastle. The gap has widened over the past decade, and it changes the rent-or-buy calculation in each place.
Where buying looks strongest
Northern cities combine lower prices with higher rental yields — Manchester, Leeds, Sheffield and Liverpool all sit around 5% to 7% gross, against roughly 3% in London. Lower prices also mean a smaller deposit is needed, and the same monthly payment buys more of the property.
Where renting can still win
In London, prices are high relative to rents, so a buyer needs a large deposit and a long stay for the purchase costs to wash out. If you might move within a few years, or the deposit would stretch you, renting and investing the difference remains competitive.
What this means for your decision
The same question has different answers in different postcodes, so national averages are not much help. Compare the city you are actually considering, with your own deposit and timeframe, rather than relying on a rule of thumb.
Frequently Asked Questions
Which UK city has the cheapest houses?
Of the major cities, Newcastle and Glasgow have the lowest average prices at around £162,000–£163,000, followed by Liverpool at about £167,000. London is the most expensive at roughly £535,000, more than three times as much.
Where is it cheaper to buy than rent in the UK?
Buying tends to look strongest in northern cities like Manchester, Leeds, Sheffield and Newcastle, where prices are lower relative to rents and rental yields are around 5–7%. In London, where yields are nearer 3%, renting and investing the difference is more competitive.
Is it better to buy in London or Manchester?
It depends on how long you stay and what happens to prices. London prices are roughly double Manchester's and rents are about twice as high, so the sums work out differently. Run both through the rent vs buy calculator with your own deposit and timeframe.
Also try: House Viewing Checklist (UK) · First-Time Buyer Guide (UK) · All UK Rent vs Buy Calculator