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| Re: London news (62964) | |||
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Re: London news |
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Posted by Rail Blue on Sun Mar 13 12:46:52 2005, in response to Re: London news, posted by JohnL on Sun Mar 13 09:38:05 2005. Isn’t the greater tragedy that the wealth and economic development not spread out more in the UK?Oh, totally. There need to be tax breaks for companies which move out of London. But even so, there's been a lot of house price inflation in the rest of the country. The average flat in Birmingham now costs £128,242, which is 325% inflation over the last decade (in 1995, one would have cost £39,492) - over ten times the general rate of inflation. The only place in the West Midlands where property is still cheap-ish is in the rough parts of West Bromwich, where you can still get decent flats under 40 grand - they get even cheaper on the ground floor, but you wouldn't want one of those! |
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