4 ms·
Whilst London is quite apart from the rest of the UK. It isn't the only place in the UK with disproprtionately high rents. Oxford, Cambridge, Edinburgh, Aberdee
by doc_holliday 11y ago
Whilst London is quite apart from the rest of the UK. It isn't the only place in the UK with disproprtionately high rents. Oxford, Cambridge, Edinburgh, Aberdeen, anywhere with a bouyant jobs market you pay over the odds for compared to Europe.
Granted not as high as London, but as a % of income not dissimilar at the end of the month.
- s_dev 11y agoIreland has large variances in its rent as well. Dublin is substantially higher than the rest of the country. London is just beyond this normal deviation though. The rent between Oxford and Dublin for instance would be very comparable.
- rmk2 11y agoIf you compare local earnings to house prices, London is, in fact is only #2, behind Oxford.[1] The problem with Oxford and Cambridge (as well as a place like Reading) is that they are still within commutable distance from London (Oxford and Reading slightly more so than Cambridge), which means you get people who earn well even for London standards who live in those cities and commute, in turn making those places more expensive. Some of the other cities, like Edinburgh, Manchester (in parts) and Aberdeen (oil) are certainly pricey as well, but they are not nearly as expensive as the South of England. [1]: http://www.telegraph.co.uk/finance/property/house-prices/11436459/Welcome-to-Britains-most-unaffordable-spot-its-not-London.html http://www.telegraph.co.uk/finance/property/house-prices/114...
- gvurrdon 11y agoOxford is indeed pretty bad. I have to live ~20 miles from the centre, and even then it's not cheap.