Online House Hunter: Where to move to in 2012
IT’S neither rocket science – nor an exact one – to point out that house prices tend to perform better where the local economy is stronger. So it was intriguing to catch sight this week of the Centre for Cities report on the cities that are expected to do well in 2012 – and those not expected to fare quite so well.
The “independent, non partisan research and policy institute committed to improving the economic performance of UK cities” do at least suggest some parts of Britain will do well this year but say the gap between cities is widening and – for example- says there are “six times more claimants in the most troubled neighbourhood in Rochdale than there are in the most troubled neighbourhood in Cambridge“.
Their annual index and accompanying report suggests those cities facing the greatest challenges include (links take you to the Independent property search engine page for that city) Doncaster, Hull, Newport, Sunderland and Swansea. This is because they have, say Centre for Cities, “fewer people with high skills, more claiming jobseekers allowance and a larger proportion of their total jobs are made up by the public sector”.
The five to watch – and they note the number of patents registered per 100,000 of the population as an indicator of skills and innovation – are Aberdeen, Cambridge, Edinburgh, London and Milton Keynes.
Hull’s average house price is £93,285 while Edinburgh’s is £225,378. Doncaster comes in at £125,011 is £329,736 (the national average is £160,780). Of course there many more factors than the local economy that affect house prices but if you’re looking to start a career and are prepared to move house it makes for an interesting exercise to see which city might be the best for you. And the think tank also has an impressive data app with factsheets on a number of the UK cities. Certainly one to bookmark.
- Independent Property search engine
- Independent Property section
- Centre for Cities
- Cities Outlook app
- Land Registry House Prices
- BBC House Prices
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