14 Jul

Houses for sale in the north more budget-friendly?

Houses for sale in the north more budget-friendly?

Buyers opting to buy property in the north may have a better standard of living than those who invest in property for sale in Kent or houses for sale in London.

The capital and the south-east are the most expensive areas to live in the UK, according to Informed Choice.

The chartered financial planners argue that house prices have a significant impact on living standards.

Martin Bamford, managing director of the firm, explained: "Where housing is cheaper, such as in the north, associated mortgage costs will also be lower.

"Wealth is about what you keep, rather than what you earn."

If buyers choose an area with expensive prices, their household income may not go as far, he added.

Property for sale in Yorkshire and the Humber may prove cheaper, but expensive areas are found across the UK, the financial expert continued.

Some regions may feature pockets where properties are higher in price than local averages.

IPINGlobal recently argued that property investors can find opportunities in every region.

The investment firm noted that houses for sale in London are often impractical for investors due to high prices.ADNFCR-1222-ID-800622468-ADNFCR

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