Thursday, July 30, 2015

Fact of the Day

Globally, London is the third most expensive city to live in. London is 36 per cent pricer than Manchester, 38 per cent more than Glasgow, and 40 per cent more than Belfast. London rents were now more than double the national average, and in May is was announced by forecasting group Oxford Economics that it was likely the average home in London would cost £1 million by 2030. A study conducted by Liverpool Economics on behalf of four London borough councils found that the Government's plans to sell off more council homes through an extension of the Right to Buy scheme would drive rent prices up even further. London has the second most expensive public transport in the world, the third most expensive utility costs, and the fifth most expensive theatre tickets.

After London, the most expensive UK city is Aberdeen - which has notoriously high rents and prices due to it being a centre for Britain's oil industry in the North Sea.

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