St Albans has been named the best city for first time buyers in a new list published by home ware shop, Wayfair.

In the list, the city claimed first place for the most buyer-friendly UK place as house hunters can expect to save for a deposit the quickest out of anywhere in the the country.

According to Wayfair, it would take residents only 24 months and 27 days to save for the total house deposit sum needed for a property in the area.

St Albans beat out Lisburn and Stirling to reach the top spot.St Albans beat out Lisburn and Stirling to reach the top spot. (Image: Wayfair) Despite high property prices, the study suggested St. Albans residents can save for a deposit in two years.

The average property price in St. Albans currently stands at £575,706. This makes the average deposit sum a total of £52,682. For this, a first-time buyer in the area can expect a large  property, with the average-sized home measuring 100m squared. 

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The top three British cities for first-time home buyers according to Wayfair.The top three British cities for first-time home buyers according to Wayfair. (Image: Wayfair) In terms of affordability, the average household income in St. Albans is £61,612, and when subtracting expenses, it leaves those in St. Albans with high average potential monthly savings of £2,115- equating to just 24 months and 27 days of savings.

The city also scored favourably on the Traffic Commute Index, with a rating of 32.17, due to its short commute times and minimal traffic disruptions. All scores highlight the high level of livability in the area, something first-time buyers should all consider.

To view the full study go to: https://www.wayfair.co.uk/sca/ideas-and-advice/guides/the-best-cities-for-first-time-buyers-in-2024-T23096