What £500,000 buys you in the UK’s top northern cities compared to London
The Telegraph Article:
House prices are rising in all parts of the country except London, and buy-to-let investors are increasingly shunning the traditionally profitable capital city for northern hotspots where property is cheap and returns are high.
According to recent data from Nationwide Building Society, property prices in London fell by 0.6 per cent in the year to September, compared to the national average growth of two per cent.
Separate data from Hometrack, also published last week, pointed to Manchester, Birmingham and Edinburgh specifically as cities where house prices have soared ahead of other UK regions, with growth up 7.3 per cent, 6.7 per cent and 6.6 per cent, respectively.
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