UK city dwellers head for the country
London property prices continue to lead the recovery for the rest of the country and mny families are cashing in on this trend and moving out of the city.
The gap between London property prices and those found in other regions is beginning to widen again as the capital recovers much more quickly as is the case historically. The last time residential house values quickly increased in the city was in the latter half of the 1990's with the rest of the UK property base closing the gap during the following five years.
London property owners with equity can swap a smaller property in the city for a much larger residence in the country perhaps with land and not only have a smaller mortgage but also be able to stash a very attractive nest egg in the bank. The best savings are to be found, not surprisingly, in the north of the country.
Many agents in the capital are seeing increasing numbers of young families making the move and the advice is start viewing now before the price catch-up begins.