How many are willing to overpay young Britons for life in the most popular place?

admin9 years agoOctober 18, 2019No comment

posted on Apr. 30, 2017 at 6:09 pmOctober 18, 2019

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Young professionals in the UK pay an average of £71000 to buy property in 20 of the most popular areas of the United Kingdom.

Average price of property in 20 of the most popular areas reaches £735874, compared with £664716 in the areas adjacent to them, and less popular. The difference is 13% , or £71158 in absolute terms.

A study conducted by Lloyds Bank shows that the index BN3 in Hove on the South coast of England’s most popular with young families, following Unsworth and Wimbledon in London .

Located near Hove and Brighton in seventh place in the top popular sites. This part of the English coast inspires young people, the sea, good size houses and mild climate.

No less popular is the coast of England, located to the East of Brighton – with two major universities, a vibrant cultural life, dressed nightlife which attracts young and attractive factor is the opportunity to live year-round in the sea.

In General, the most popular among young people continues to enjoy London. Of the 20 most attractive to young people places 16 located in greater London.

In Wandsworth, the second the popularity of the area, the average property price reaches £763418, which is 2% higher than in other areas. Another expensive area – Wimbledon, here young buyers are paying up to 18% more than in other regions and in absolute terms, the fee reaches £109397.

The highest co – pay in the London area of London, where the average value of the property is £857792, and the difference , for example, with the neighbouring district of Hounslow is £370988. Buyers district Kilburn overpaid £341208, and buyers of Hampstead – £307775.

If you look outside of London that are attractive to young professionals in the area of Harborne, where the prize is £102909, or 59%, compared to Birmingham, with an average property value of £277261. In Didsbury young professionals pay £93062 compared with Manchester, where the average price is £166995. In Katame buyers pay extra £108591 compared to nearby Bristol.

What causes young people to pay such a large premium for the purchase of real estate in the UK in these areas? First and foremost, is a high-paying job and the opportunity to live close to the city with developed infrastructure. Attractive to young professionals are also an abundance of green spaces and the opportunity to actively spend their leisure time. District of London, Hampstead is the most expensive place where prefer to live with young people aged 25 to 44 years, paying an average price of £1352836, followed by property in London in London with £1231224, then Hammersmith and Fulham with £1090094 .

16 of the 20 most popular youth districts located in London, 9 of them in the South – West London , including Wandsworth, Wimbledon, Fulham, Battersea, Streatham, London, Hammersmith , Ealing and Kilburn. Other cities in the top 20 included Didsbury in Manchester , Jesmond in Newcastle, Broomhill and Fulwood in Sheffield, West Bridgford in Nottingham and Cardiff Central.

® Helen Entree. 28.04.2017 G.

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