But there are still parts of the country where you can get good value for your money when buying a home.
A property expert has shared his advice on the ‘hidden gems’ around the UK where you will get the most for your money in 2026.
George Edwards, the managing director of Timberwise, says there is still plenty of value to be found, especially for housebuyers prepared to look outside of London and the South.
“The North of England is still far more affordable than London and the South, so it’s ideal for people who want to get onto the property ladder or want a bigger home without the hefty price tag,” he said.
“With the significant investment being put into the major cities comprising the Northern Powerhouse as well as high-speed rail and improved roads, the focus on rebalancing the economy away from London means that prices are set to rise.
“And with so much of the country’s great heritage, from the heartlands of the industrial revolution to rolling countryside which inspired some of the world’s best writers, there are hidden gems which make these areas ideal places to set down roots.
“Over the decades, Timberwise has worked on projects from the Liverpool docklands to historic Manchester and Leeds mills and iconic Sheffield landmarks, so the North of England holds a firm place in my heart.
Below are the five spots where you can get the most for your money in 2026, according to George.
5. Gateshead and Newcastle
If you’re looking for a city location, Newcastle and nearby Gateshead are among the more affordable options in England, particularly for single and first-time buyers, with the average house price around £160,000. Sitting just across the river from Newcastle upon Tyne, Gateshead benefits from great transport links into the city centre, allowing you to combine lower house prices with access to jobs, amenities like The Sage and big high street names, as well as a thriving nighttime economy. As with many cities, location matters more than it would in a town or village, but there are plenty of family-friendly neighbourhoods with parks and good schools as well as riverside walks and parks. | AFP via Getty Images Photo: ANDREW YATES