The question of affordable housing is high on the agenda right now as both local and national politicians grapple with the housing crisis.
A historic lack of supply since the crash of 2008 has seen house prices increase way above inflation – and wages – making buying a home of your own unaffordable for many.
According to official Government data the average price of a property in the UK at June 2017 was £223,257 and for the North West stood at £156,392 having increased 5.5% since June 2016.
But don’t despair.
If owning a home of your own is your dream there are places where you can get on the property ladder for as little as £15,000.
You may have to compromise on area and the house may need a little TLC, but if you’re brave enough the monthly mortgage cost on a property at this level is just £71 – about the same as a night out for many people. And you'd only need £1,500 as a deposit.
Across Greater Manchester the cheapest properties sold in January were in Oldham, Rochdale and Wigan.
To read more about this visit:https://www.manchestereveningnews.co.uk/news/property/houses-to-buy-50k-manchester-14417309
