Cumbria is both the MOST and LEAST affordable place to live in North West
Copeland was found to be the
It has been discovered that Cumbria is both the most and least affordable place to live in the North West, according to a new study.
Findings from Nationwide's House Price Index has found that Copeland in Western Cumbria is the most affordable place to live in the region despite the average price of housing rising by 11% over the last year.
It's been found that most people decide to settle on the Cumbrian coast from Millom to Whitehaven.
Meanwhile, Lakeland has been found to be the least affordable area in the North West.
It was also found that Eden had the most improved affordability in the North West.
Commenting on the figures, Andrew Harvey, Senior Economist, said:
“Our recent Affordability Report identified that affordability was becoming more stretched across all regions. However, there is also considerable variation within those regions and in this special report we explore this further.
“We’ve updated our local affordability metrics, which use house price and earnings data from the Land Registry & Office for National Statistics (ONS) to give the most comprehensive view at a local level.
“The least affordable area in the North West government region is South Lakeland in Cumbria, which includes parts of the popular Lake District national park, including Ambleside and Windermere.
“Copeland remains the most affordable area in the North West of England, despite average prices rising 11% over the last year. While the area includes parts of the western Lake District, its main settlements are along the Cumbrian coast from Millom to Whitehaven."