Thursday, January 28News For London

Tag: Northern housing conference

Are people deserting London amid acute housing crisis?

Are people deserting London amid acute housing crisis?

DontUse, Housing, Media, News, Social media
Northern regions of the UK are becoming a better choice than London for UK property investors, revealed a report on Friday. Hometrack report stated that England’s northern parts such as Manchester have a better prospect for capital growth. According to Hometrack’s UK Cities Index, there was a decline in the headline growth for London, which is now 6.9% down from 7.2% a month earlier. The figures were much higher a year ago with an index of 7.9%. Manchester has registered one of the greatest uplifts outside of southern England, with an increase of 8.3% last year. This, in comparison to the London figures, is more welcoming for property investors across the country. Ged McPartlin, sales director at Ascend Properties, told Property Investor Today, “For years we have stressed that the M