Buying property in Newcastle

Buying Property in Newcastle

Buying Property in Newcastle

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Relocating to a new city is never an easy task as there are so many different options to choose from in the UK. Each city has its unique qualities and benefits.

Furthermore, with house prices all across the UK rising, once you find a city you love, it’s becoming even harder to buy a house there. So if you’re looking to buy a house, you’ll need to know a lot about the area and prices beforehand.

The Newcastle property market has been very active in the past few months. Many people took advantage of the stamp duty holiday and buying property in Newcastle. Although the stamp duty holiday is no longer active, it’s still an excellent time to look for property in Newcastle.

Newcastle is a fantastic area and offers an exceptional environment for all people- from families to students. There are many reasons why people want to move there. 

Newcastle is also looking prominent as a town for investment. House prices are up around 8% in the last 12 months. If this trend continues, Newcastle could promise a great return on investment.

If you’re interested in buying property in Newcastle, read on to find out more information about the city and the prices of the property there.

Why should you move to Newcastle?

Newcastle lies in the North of England and was once an industrial city. Now it’s a city known for its rich history and culture.

If you’ve started looking for property in Newcastle already, you’ll discover that there is a vast range of houses. The variety of houses not only caters to different family sizes but also different budgets. 

You can also get a mix of countryside and urban living depending on how close to the city center your house is.

If you visit the city, you will also notice the community feel it has. It is effortless to make friends in Newcastle, and most of the residents will be happy to help you out if you have any issues. If you’re not used to the accent, it might take you a while to understand it! But once you do, you’ll be bound to make a few lifelong friends.

When living in a major city, it’s easy to miss nature since there’s not much greenery around. But with Newcastle, this is not a problem, with many spots of greenery and parks dotted around the whole city, there’s always a place to visit if you need some fresh air.

For families looking to buy property in Newcastle, there is a range of excellent primary and secondary schools all over the area. Most of these schools are very close to residential areas, so you won’t have to commute far.

Prices in Newcastle

Another benefit of buying property in Newcastle is the relatively cheap house prices. At the moment, the average house price in Newcastle is around £230,000.

This is cheaper than other areas in the UK, especially in the south of the UK when average house prices can reach £450,000. So if you’re moving from somewhere with more expensive house prices, you can save a lot of money when relocating to Newcastle.

However, Newcastle will be more expensive than most cities in the North of the UK. But for this higher price, you can expect to live in a nicer area.

House prices in Newcastle have increased by around 10% since 2019. The number of houses available has also halved since 2006. Since supply has decreased and demand has increased, the competition for Newcastle houses will be high. It’s also likely that house prices will continue to rise in the future.

Prices in Newcastle

Source: Unsplash

Moving to Newcastle as a student

The student population of Newcastle is very high because of the four leading universities that you can find there. This means it’s likely that you’ll be looking for accommodation there as a student.

Newcastle is a brilliant area for students and has some of the best nightlife in the UK. With lots of diversities and cultures, you can experience the whole world through cafes and restaurants.

You’ll have great company from many other people like you who will also start their university journey. If you have any issues, you can always ask the local people for help.

When looking for accommodation, check universities that offer accommodation and places for standard property search websites like Rightmove and Zoopla. This means you can potentially find cheaper or better accommodation placements.

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