The price of property is one hour drive from London up to 60% cheaper

Prices for property in the UK just one hour drive from London is much lower and will save the buyer an average of 60% or £480000. Life at a distance of 40 minutes from London will save you 47% or £372255, and even lives at a distance of 20 minutes significantly cheaper – buying a home will save you 38% or £299328 pounds.

Stay outside of other big cities offer these savings – so, for those who work in Birmingham or Manchester, to have to pay even more if they live outside these cities. These are the data shown in a new study by Lloyds Bank.

The study was selected by the city at a distance of one hour drive from London, Crawley, Windsor, Rochester, Peterborough and Oxford, and it turned out that the average price of property in England in these cities – £316000, which is much lower than the price of housing in 1 and 2 transport areas of London , which is £797158.

However, there is a small provincial town not far from London, where the price is even higher than the price of a property in London. The average price in the town of Beaconsfield – £1054215, which is higher than 1 and the second zone of London. Other expensive cities of England – Gerrards Cross with an average price of £903142, Ascot c price £824421 and Weybridge price £822672.

Among the cheapest cities of Wellingborough in the County of Northamptonshire, where the average price is just £197743, followed by Kettering with £206873 and Peterborough Cambridshire with a price of £207458.

From the above study it is clear that not always the price of real estate decreases as you move away from the big city. The estate can be derived from a number of factors and are often very difficult to bring law, moreover, that for each buyer the significant different circumstances that affect the price of the object.

® Alice Morgan. 30.10.2017 G.

Brexit: the naked triumph of the ignorant or the collapse of democracy?

Why Brits want to leave EU?

In the UK, reduced Stamp duty

Why buyers from Russia should not fear sanctions

More than 325 % over two years has earned our clients

Immigration to the UK

Price indices for UK property

Index Halifax

Taxation legal. individuals in the UK

Land and types of ownership of property UK

The process of buying real estate

Why we recommend to buy new apartments and houses

What “Stamp duty”

Best offer