Home Residential Property For the price of a London home, you can now buy five houses in the North East

For the price of a London home, you can now buy five houses in the North East

by Deleted Subscriber Content
26th Feb 16 12:09 pm

What is going on, seriously?

Instead of buying an average home in London, you could buy five average homes in the North East, and have a bit left over.

That’s the depressing truth for anyone who is buying or attempting to buy property in the capital.

The average residential property in London cost £530,409, compared with £97,117 in the North East, according to Land Registry data.

London prices rose the most too – with a 13.9% rise in the year to the end of January.

Sales of homes worth over £1m increased, while only one property under £50,000 was sold in London.

Now read

Leave a Commment

CLOSE AD