Just 12% of homes for sale across Great Britain are priced below £150,000 new analysis from Zoopla shows.

The latest research from the property portal highlights the shrinking pool of low-cost properties and deepening regional divides in affordability.

The North East has the highest proportion of budget homes, with 41% of listings below the £150,000 threshold.

“Just 2% of homes in London are listed below £150,000.”

Scotland follows at 30% but in stark contrast just 2% of homes in London and 7% in the South East are available at this level.

At a city level, Sunderland tops the affordability rankings, where almost half (49%) of properties for sale are under £150,000.

Aberdeen shows a similar picture with 49% of homes listed below that figure.

In Blackpool, 39% of listings are priced under £150,000, while Darlington stands at 38%. Even in the South, where affordability is far tighter, Croydon has 7% of homes in this price bracket.

REGIONAL PROPERTY BREAKDOWN

The type of property on offer also varies by region. In the North East and Wales, more than 60% of homes below £150,000 are two or three-bedroom houses, offering more space for families. In Swansea, over a third of affordable listings are three-bedroom houses.

In southern England, however, the affordable market is dominated by smaller flats.

In London, 64% of sub-£150,000 listings are one-bedroom flats, with around half offered on a shared-ownership basis.

Flats also account for more than 70% of affordable homes in both the South East and the East of England.

BUDGET HOTSPOTS

Daniel Copley, consumer expert at Zoopla, said: “The North East and Scotland are clear hotspots for budget-conscious buyers, with a significant proportion of homes for sale priced under £150,000.

“In these areas, affordability doesn’t just mean a low price tag; it also means more choice. We’re seeing a high concentration of two and three-bedroom houses, providing real options for families and those seeking more space.”

FIRST-TIME BUYER CHALLENGE

But he added: “The story is very different in London and the South East. Here, homes under £150,000 are a rare find, and when they do appear, they are almost exclusively flats, often available through shared ownership.

“This highlights the major challenge for first-time buyers and those on a tighter budget in the South.

“While an area like Croydon can offer a good entry point into the London market, it underscores how regional wealth disparities are reshaping the property landscape, pushing buyers to look further north for true affordability and a wider range of property types.”