In the not so distant past, Birmingham was seen as a city in big need of a makeover. Ugly architecture, incessant ring roads and crumbling shopping centres were the impression that outsiders had of Birmingham and this generally kept people away. However, things have changed dramatically in the last few years and the renaissance of Birmingham has attracted a significant surge of people leaving the capital to set up home in the city. So why has this happened? Well, it just goes to show what a bit of investment and forward thinking can do. Birmingham has seen massive developments to…Read more..
The dreaming spires of Oxford have always been a magnet for tourists but if you want to live there, you may need to think again. According to a study by the city’s own university, Oxford is now the most unaffordable place in the UK to buy a house, with a property price to earnings ratio that is even higher than London. Whilst the cost of living in London may still be higher, average house prices in Oxford are actually 16.1 times the local average income compared with 15.7 times in London. Key drivers of this scenario is the fact that…Read more..
London is often touted as the most expensive place to live in the UK but recent studies from Oxford University have actually cited their own fair city as being even more expensive. With a property price to earnings ratio that is higher than London, average house prices in Oxford are 16.1 times the local average annual income compared to 15.7 times in London. What’s driving this are a couple of things. Firstly, the house prices in Oxford are being driven up the number of London commuters who have moved out of the capital because of the exorbitant house prices. Many…Read more..
Estate Agent or Property Auction? Whilst many still regard the idea of purchasing property at auction, something only to be attempted by the Professional Investor, a growing number of owner/occupiers are becoming attracted to the dazzle of buying at a Property Auction, which can offer a viable alternative to the already saturated private treaty market. Though not for the faint-hearted, buying at auction offers a transparent and speedy mode of avoiding the numerous stumbling blocks and delays involved in buying your home on the open market - with a bit of research, an efficient Conveyancer and a little luck, you…Read more..