Will the north properties prices catch up

AskAsk

newsgroupmonkey_ said:

AskAsk said:

london is vulnerable to terrorist attack.  so if they ever managed to let off a nuke bomb in london, that could make london unhabitable.  there are lots of places in the south that are very cheap.  not all areas are expensive.

Where? please do share!

I've moved further away from London to make what I wanted within my reach, but I'd not call it "Not expensive".

south end, ipswich, margate, hastings, crawley, luton, reading.

eidand

reading is cheap? on what planet?

eidand

I don't see prices "catching up" per se.
They will probably go up in time, but the demand is simply much higher in the south so I wouldn't expect prices to catch up. Where I am I rarely see snow, the temperature is very nice most of the year. I wouldn't move up north for this reason alone.
Work is not an issue, but still, even with all the remote going on right now, I still would not trade the area where I live to move up north. 

AskAsk

eidand said:

reading is cheap? on what planet?

cheap as far as i am concerned!

eidand

AskAsk said:

eidand said:

reading is cheap? on what planet?

cheap as far as i am concerned!

what does that mean?

GDB2222

He lives on the planet Argument. 

Clearly, property prices are a lot lower in say Hastings than the London suburbs, let alone Mayfair. But, 'very cheap' is not a term I'd apply. 

newsgroupmonkey_

GDB2222 said:

He lives on the planet Argument. 

Clearly, property prices are a lot lower in say Hastings than the London suburbs, let alone Mayfair. But, 'very cheap' is not a term I'd apply. 

Quite agree. Hastings it not what I'd regard as "Cheap". There are areas that are cheaper than say Poole, but that doesn't make them cheap.

And let's be reasonable here - most people don't want to live in areas that are not desirable.

Reading isn't cheap so I'll knock that one on the head already.

The average house prices of the places you mentioned above go between £242k (Ipswich) and £399k(Reading)

Let's compare that with, say the Midlands at around £205k (I searched Derbyshire, Birmingham and Notts)

And move up the country....Manchester is around £200k (compared with London's £600k). Lancashire and West Yorks came out at around £180k (with Bradford coming in at £136k)

And then across the North East and the top of Cumbria coming in under £150k.

I can only speak for areas I know, but there are areas outside Warrington (Birchwood area) where I would happily live in a 3 bed semi for £165k. Not rough, nice enough estates (despite what someone else said, I'm really not a snob). Easy access to the Motorway, Manchester and plenty of local work (without being in the bit of Warrington that takes an hour to get anywhere).

I live fairly close to Luton and know it well (previously had an LU postcode). The cheapest place I could find in an area I'd be happy to live in (off Crawley Green Road, in case anyone knows it) is around £300k.

Believe me, the wages aren't very different (My team are based around both areas and get paid the same).

Crashy_Time

There are properties in the North that have not increased in price since 2007 supposedly?

Crashy_Time

Does anyone find that laughably ironic considering what happened with Northern Rock? 

AskAsk

eidand said:

AskAsk said:

eidand said:

reading is cheap? on what planet?

cheap as far as i am concerned!

what does that mean?

when people say that property price in the south is expensive in comparison to properties in the north, they are referring to very expensive areas.  in these 'cheap' areas that i have quoted, the property price is not hugely expensive when compared to the more expensive areas in the north, like manchester and newcastle.

someone who can afford a property in manchester or newcastle for example, will not find properties in these cheap southern areas to be that expensive in comparison to their properties.  not all of the south is expensive in comparison to the north, only the desirable areas are expensive in comparison.