To fly to work in London from other towns is cheaper than living in London

It would seem that it is madness to work in London and live in another city of the United Kingdom. But research conducted by real estate Agency “eMoov” shows that it is sometimes effective due to low cost of flights and the contrast in property prices between London and other UK cities. Flying to London is profitable even taking into account the costs of accommodation, that person carries from Monday to Thursday.

In a curious study conducted by the British real estate portal “eMoov”, was calculated based on the costs of residents in eight UK cities to reside in London, including all costs and weekly flights in comparison with monthly payment mortgage loans in London, on average, which is estimated at £21275.

The study examined cities with direct air links to London, the cost of tickets on Monday morning and Friday evening, as well as the cost of living 4 nights a week (inclusive of the booking once in six months).

The biggest savings, if you live in Glasgow. Thus, the average cost of housing in Glasgow – £155193. The cost of an 80 minute flight from London to Glasgow and back is on average £53 per pound. Accommodation at the hotel is £204,90 a week, and the total expenditure in the year amounted to £9429 per year. The savings compared to paying the mortgage in London is approximately £11845 pounds. In the calculation we adopted the average cost of a mortgage in London to £21274 per year.

The study shows that in order to cover the difference in cost of housing, traveling thus it is possible 47 years.

In second place – Belfast. The annual cost of flights between Belfast and London, as well as the costs of accommodation in London during the working week amount to £8000, And annual savings of £11547.

Next come the English city.

Manchester saving £8654, where the annual cost of flights and the cost of accommodation will be £12334, Leeds costs £12150 and savings of £7670.

The only city covered by the research, where it is unprofitable to live if working in London were in Exeter. In Exeter, located on the South West coast of England, housing is quite expensive in itself, but also the most expensive flights – £115, as accommodation in London city, costs around £300 pounds a week. Thus, for residents of Exeter to work in London will give a negative economy, it is cheaper to live in London.

The cost of property prices in London continues to grow and it is not known what will be the price after 10 years. Meanwhile, the improvement of transport infrastructure has made quite real for a person to work and live in different cities. Moreover, many people live and work in different countries. For example, the Express train under the English channel made the opportunity to live in Paris and work in London a reality for many people.

® Alice Morgan. 03.10.2016 G.

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