Property Data OutlookNorth East
Data from Land Registry, ONS, Bank of England
Compare with another area →Market outlook for North East
Key indicators for buyers
The North East market looks favourable for buyers. Affordability has improved from a peak of 5.8x in 2021 to 5.0x today. Rising rents (£770/mo, +7.6%) mean the cost of waiting is real.
Price trends
Average sale prices · HM Land Registry / UK HPI
Affordability ratio
House price ÷ median earnings · ONS data
A home in North East costs 5.0x the local median salary — relatively affordable, improving from a peak of 5.8x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Average monthly rent in North East is £770, up 7.6% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average North East price of £158,295 with a 25% deposit (£40k), a 2-year fixed mortgage at 3.97% costs around £625 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Monthly mortgage payments (£625) are £145 less than renting (£770). However, buying requires an upfront deposit of £40k — it would take around 6 years to recoup that cost compared to renting and investing the difference.
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.