Property Yorkshire.
Where in the UK can you get the most for your money?
1) The cheapest area of the UK is the City of Kingston Upon Hull in East Yorkshire. Prices are an average of £79,500. It is mainly notable for its fishing industry and its many sports teams.
2) Next most affordable is Blaenau Gwent in South Wales, with prices averaging £86,500. Its main towns are Brynmawr, Ebbw Vale and Tredegar. It has many examples of its industrial heritage and some beautiful countryside.
3) Merthyr Tydfil’s average house price is just under £92, 000. Situated in Mid Glamorgan, Wales this former mining area has high levels of unemployment; however its claim to fame is that during an armed uprising in Merthyr, workers rallied under a red flag which was later adopted as the worldwide symbol of workers revolution.
4) Stoke on Trent’s properties cost an average of just over £92,000. Still the centre of the UK pottery industry, this town is also famous as the birth place of Robbie Williams.
5) At just under £97,500 comes Hartlepool. Located near Durham, this shipbuilding town is best know for it’s inhabitants having allegedly hung a monkey, believing it to be a Frenchman.
Where will you need to take out the biggest mortgage?
1) The most expensive place to buy property, with an average price of just under £352,000, is Windsor and Maidenhead in Berkshire. With famous residents such as The Queen and Elton John, good schools, great shopping, Legoland and easy access to London and Heathrow this is prime commuter belt.
2) The next priciest is Surrey, with an average price of £325,800. Usually described as ‘leafy’ it is also commuter belt and boasts good schools, a University and some lovely countryside.
3) The capital comes in third at just over £300,000. Greater London encompasses everything from Kensington and Chelsea (Average £827,000) to Barking & Dagenham (A mere £172,000).
4) At £297,000, Buckinghamshire with its lovely villages and countryside is also popular with commuters.
5) Wokingham in Berkshire has an average house price of around £285,000. Again its proximity to London, Reading and Bracknell make it popular for commuters.
The number of Britons who own a home abroad has soared by almost 50% since 2000, which means that about 5% of the UK adult population now own an overseas property. This figure is expected to double this decade.*
A further 37% are currently considering purchasing abroad, citing the poor British weather and the accessibility of cheap and frequent flights as major factors, along with increased equity in property in the UK. The favourite destination by far for a second home is Spain and the Balearics.
This increase has also been fuelled by the rise in the number of popular primetime television programmes such as Location Location Location and A Place in the Sun, which also have their own magazines, adding to the already heaving shelves of newsagents’ overseas property sections.
But finding a way through all this information can be very confusing and enormously time consuming. Where do you start? Who are the good agents and developers? Which are the hot spots to buy in and which areas to avoid? How do you find a good lawyer – or do you need one at all?
In Spain alone, there are 95,000 estate agents – but their first priority is to the seller. Many people looking to buy abroad do not have the time to look deeply into the overseas property market and undertake all the research necessary before making a decision. Many people like to have someone who is acting only for them and not the seller, helping find the right way through the maze of inromation.
Yorkshire couple Andy and Jan Pratt were so frustrated by their experiences buying in Mallorca that they formed Shortcuts Property Search, a company set up to make buying abroad simpler and easier for UK clients.
“It makes a great deal of sense for clients who live 1000 miles away to use local independent experts working solely on their behalf, helping to avoid the potential pitfalls of buying in a property market with a different culture, laws and language” said Jan Pratt, who founded Shortcuts. “We offer access to local knowledge and sound practical and unbiased advice”.
Where are UK property hunters currently buying?
In Mallorca, sales are very brisk in the south west. More and more people are now buying fincas in the country and the cosmopolitan city of Palma with its beautiful old quarter around the magnificent cathedral is booming. Sophisticated shopping, year round facilities and many glamorous visitors combined with a relaxed lifestyle and quality property ensure that prices here will remain buoyant.
In Costa Brava, property interest is increasing in advance of the arrival of the TGV train network, which will make the area even more accessible by car from the UK. The region offers something for everyone – beaches, skiing in the Pyrenees, sailing, superb golf and every sporting opportunity all within easy reach, wonderful restaurants with home grown produce, with the medieval city of Girona and expanding airport at its heart. Find more information about Property With Land here.
Find crucial info to luxury vacation home – this is your individual tips store.
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