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Price Differences

Houses in the North of England can cost a third of the price of the South. How long it will take people to wake up to this imbalance in prices and quality of countryside remains to be seen. (Go North young family?).

Once run down areas can become very expensive - after the students, artists and sundry bohemians have made them trendy while they were cheap.

Witness Notting Hill in London which was basically a slum area in the sixties, Whitechapel in London which thanks to being colonised by artists has become very expensive.

So watch for where the students and artists are living.

If the area has reasonable artchitecture, a park, a couple of trendy organic style cafes, then grab a cheap property fast.

It's the work of a moment to get a journalist round to do a glossy piece on how the area is up and coming... and double your money inside a couple of years. OK that's an exaggeration but you get the idea...

It seems however that some places will never break free from their original image. For example Hackney in London still struggles to be totally cool despite over 25 years of determined colonising by young professionals - following the same principles as above.

OK there certainly are a few hip enclaves but no one who can afford otherwise says "dahlink let's move our love nest to Hackney".

It's a big area to generalise about but its problem is, despite an attractive Victoria Park and some lovely Victorian streets it just doesn't have the overall look and feel of an attractive place to live.

Just outside of a fashionable area...

A related point is to note the differences in price of being just in or just out of a fashionable area.

During a recession you can buy just outside cheaply ie right on the borders. But if you bought such a property at the height of a boom, when it was at its top price, you may lose out because of the "shrinkage effect". (Read more in Don't overpay for being almost trendy)

And check out some tricks used by the professionals to get the most money out of you for the minimum spend in Home selling tricks

To read more on this subject please see the list below or your mortgage guide or your home buying guide

Read enough? Just want a quote? To get your best mortgage quote quickly and easily we can put you in contact with a recommended mortgage adviser. It's free, completely confidential and there's no obligation at all. Simply fill out the form below

Value of Property £ (eg 125000) Borrow How Much? £ (eg 92500) Your Mortgage Type    - please select - Re-Mortgage Purchase Buy to Let Overseas   First time buyer? Yes No Have you found property? Yes No Country   - please select - Andorra Australia Bahamas Barbados Belgium Belize Bulgaria BVI Cayman Islands Cyprus Canada Dutch Antilles France Greece Ireland Italy Jamaica Malta Mexico New Zealand Poland Portugal Spain St. Lucia Switzerland Trinidad & Tobago Turks & Caicos USA Other.. Sorry ! The amount you want to borrow is less than £25,000. This is the minimum allowed for a mortgage. But don't worry ! You could get the money via a personal loan. I want a free no obligation loan quote Click OK No thanks. I will change my borrow amount to more than £25,000 Click Cancel

How to Find Your New Home / Property

What can you afford?

What do you want?... Where?

Price Differences

Don't overpay for being almost trendy

"Value Added" homes

How to look for your home
Estate Agents
Using the Internet
Relocation agents
Buying at an auction
Self Build Homes

Guide to researching your chosen area

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Home Buyer's Guide

Save time money and effort with all the latest tips and trade secrets.

We tell you everything you need to win the race for that dream home... how to get your seller's Estate Agent onto your side... how to get properties for a 30% plus discount.. how avoid being gazumped at the last minute and more.

Click on your chosen subject below to access this invaluable FREE information.

Please note, this information is NOT necessarily RELEVANT in Scotland

Quick Outline of the Home Buying process

What you're up against

How to Find your Property

How to Make the Offer

Completing Your Property Deal

About the Valuation and Survey

About Conveyancing / The Legal Stuff

Costs of Buying a Home

HOME BUYER TIPS

Click here to see your Latest Best Buy Mortgages

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