Will the north properties prices catch up

whirlyhead

I sold a house in london and bought one near Manchester 20 years back.  The house up north was not cheaper than the house down south, and wasn't bigger either.  Also never get why people say northerners are friendlier than southerners, I found londoners perfectly friendly and up north (where I'm originally from) they are often not remotely friendly.

AskAsk

whirlyhead said:

I sold a house in london and bought one near Manchester 20 years back.  The house up north was not cheaper than the house down south, and wasn't bigger either.  Also never get why people say northerners are friendlier than southerners, I found londoners perfectly friendly and up north (where I'm originally from) they are often not remotely friendly.

it is a general statement about properties in the south being expensive, which they are in desirable areas, but there are cheap areas that is quite affordable to someone coming down from the north.  the price in desirable areas are just mind blowing, which is why people say that properties in the south is expensive.

london property price has increased a lot in the last 20 years.  if you had stayed in london and kept your house, you would have probably become a millionaire by now.

if anything, the price differential between the north and the south is increasing with time and not reducing.

eidand

AskAsk said:

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.

you misunderstood, the question was in relation to the quoted statement.
so what does "cheap as far as i am concerned!"  mean ? give me a range so i can understand what cheap means from your point of view

AskAsk

eidand said:

AskAsk said:

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.

you misunderstood, the question was in relation to the quoted statement.
so what does "cheap as far as i am concerned!"  mean ? give me a range so i can understand what cheap means from your point of view

how expensive something is, is subjective.  one person may think something is expensive while another person may think it is very cheap.  i am familiar with a property costing around 1m so any property less than 500k is cheap in my opinion.  there are lots of places in the south of england, where you can buy a property for far less than 500k, and so this is 'very cheap'.  that is what i mean.

whirlyhead

AskAsk said:

whirlyhead said:

I sold a house in london and bought one near Manchester 20 years back.  The house up north was not cheaper than the house down south, and wasn't bigger either.  Also never get why people say northerners are friendlier than southerners, I found londoners perfectly friendly and up north (where I'm originally from) they are often not remotely friendly.

it is a general statement about properties in the south being expensive, which they are in desirable areas, but there are cheap areas that is quite affordable to someone coming down from the north.  the price in desirable areas are just mind blowing, which is why people say that properties in the south is expensive.

london property price has increased a lot in the last 20 years.  if you had stayed in london and kept your house, you would have probably become a millionaire by now.

if anything, the price differential between the north and the south is increasing with time and not reducing.

I've checked, and houses in my area now sell for more than my old area of london. But houses in my part of the north can sell for into the millions!  

Getting_greyer

newsgroupmonkey_ said:

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).

Noone living on Crawley Green road will be happy about it 😀 

AskAsk

whirlyhead said:

AskAsk said:

whirlyhead said:

I sold a house in london and bought one near Manchester 20 years back.  The house up north was not cheaper than the house down south, and wasn't bigger either.  Also never get why people say northerners are friendlier than southerners, I found londoners perfectly friendly and up north (where I'm originally from) they are often not remotely friendly.

it is a general statement about properties in the south being expensive, which they are in desirable areas, but there are cheap areas that is quite affordable to someone coming down from the north.  the price in desirable areas are just mind blowing, which is why people say that properties in the south is expensive.

london property price has increased a lot in the last 20 years.  if you had stayed in london and kept your house, you would have probably become a millionaire by now.

if anything, the price differential between the north and the south is increasing with time and not reducing.

I've checked, and houses in my area now sell for more than my old area of london. But houses in my part of the north can sell for into the millions!  

then you must be a millionaire 

Crashy_Time

whirlyhead said:

I sold a house in london and bought one near Manchester 20 years back.  The house up north was not cheaper than the house down south, and wasn't bigger either.  Also never get why people say northerners are friendlier than southerners, I found londoners perfectly friendly and up north (where I'm originally from) they are often not remotely friendly.

Yes the Londoners unfriendly thing is B.S always had been, there are people in the North and Scotland who wouldn`t give you the time of day, and 20 years ago the bubble machine hadn`t been properly fired up, the big change came after 9/11 when there was a definite low interest rate policy started and that went into silly mode after 2008, now we are in just a very big mess economically and there won`t be re-balancing without a lot of pain (for those with heavy debt loads)) 

newsgroupmonkey_

Getting_greyer said:

Noone living on Crawley Green road will be happy about it 😀 

Na, I've got a couple of friends who live in roads off it in those weird houses over 2.5 storeys (on the way "up" the hill, if you will). They're perfectly happy.

I'm not sure I'd want to live "down" it (i.e. towards Asda)

Going back to the "affordability", there are a lot of maps about. Most of them show the majority of the South being unaffordable to those on average wage.

RelievedSheff

AskAsk said:

whirlyhead said:

I sold a house in london and bought one near Manchester 20 years back.  The house up north was not cheaper than the house down south, and wasn't bigger either.  Also never get why people say northerners are friendlier than southerners, I found londoners perfectly friendly and up north (where I'm originally from) they are often not remotely friendly.

it is a general statement about properties in the south being expensive, which they are in desirable areas, but there are cheap areas that is quite affordable to someone coming down from the north.  the price in desirable areas are just mind blowing, which is why people say that properties in the south is expensive.

london property price has increased a lot in the last 20 years.  if you had stayed in london and kept your house, you would have probably become a millionaire by now.

if anything, the price differential between the north and the south is increasing with time and not reducing.

But why would someone living in a nice area in the North want to move to a less desirable area in the South?