Property prices in Bath need to drop by 61% to become affordable

Across the country many will agree that property prices are way too expensive, what was once a home now is a big burden, where once only one had to go out to work, many couples are feeling the pinch due to mortgage / rentals costs that they both need to hold full time jobs.

A recent article by SomersetLive from a study by Open Property Group, states that prices in Bath have rocketed to such an extent that more than £200,000 needs to be wiped of the value of the average property in order to be affordable.

The property boom would appear to be on its last legs as the ripple wave from London and the South East has now reached the far flung corners of the country and already London prices are starting to fall.

Brexit is well on the way to being a complete farce as the government continue to defy democracy and a weak deal is certainly on the cards if Brexit will take place at all.

Affordability needs to be addressed especially as average wages have no where increased alongside property prices in many regions of which Bath has been said to stand out the most across the country.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Coastal and sea front property
Breaking News

Homebuyer happiness comes at a premium

The latest research from over-50s property specialists, Regency Living, has revealed that the happiest homebuyers in Britain are those living in the countryside or by the coast. However, this lifestyle satisfaction comes at a cost. as both carry a significant house price premium compared to living in a city. Regency Living analysed average house prices…
Read More
Breaking News

Overall momentum stalls, despite underlying growth

Poor major project performance contributes to an overall downturn in project starts (-17%) compared to 2024 levels, however underlying activity remains resilient Overall main contract awards continue to decline, with a 26% decrease against the preceding three month, falling 39% compared to last year Detailed planning approvals dive 55% when measured against the previous three…
Read More
Breaking News

£43,078 decrease in average to market price of newbuild properties in the East Midlands since July 2024

Average house prices for new instructions regarding newbuild properties being marketed in the East Midlands have dipped by £43,078 in the period between July 2024 to July 2025.       Elsewhere across the UK, year on year as of July 2025, the North East saw instructions for newbuild properties dropping by £37,123, and in the South…
Read More
Estate Agent Talk

Hipster hotspots drive market activity south of the river

The latest research from leading London lettings and estate agent, Benham and Reeves, has revealed that while more homes have sold north of the River Thames over the last 12 months, it’s south of the river that is seeing more homes sold on average per borough, driven by the popularity of hipster hotspots such as…
Read More
Estate Agent Talk

Yarmouth named the UK’s most prestigious marina

The latest research from eXp UK has found that living close to some of the nation’s most idyllic marinas comes at a significant cost, with Yarmouth Harbour topping the list for the highest house price premium in the country at 61.3% eXp UK analysed the housing markets surrounding 21 of the UK’s most picturesque marinas…
Read More
LIVING BY THE SEASIDE 2022
Breaking News

Whitby crowned most exclusive coastal location

The latest research from Yopa has revealed that while Brighton in the South East is home to the highest monthly coastal mortgage cost, it’s Whitby in North Yorkshire that commands the highest premium when compared to the wider region, with the average monthly mortgage sitting payment 33.7% higher than the Yorkshire and the Humber average.…
Read More