London out paces in the long-term

Landlords looking across the UK at where to put their money should check out the latest statistics from the Halifax on house prices.

They reveal that the average price growth in Greater London has been just under 7% over the past 30 years.  In the north it has averaged 5.35%.  At just over 1.5% the differential doesn't sound that great.  However, the power of compounding means that the gap between a house in the North and that in Greater London has gone from just over £15,000 to almost £187,000.

Landlords looking at snapping up cheap property in the North as 'cash cows' need to factor this into their long-term calculations.  Is there such a thing as a winning investment strategy...you pays your money and takes your choice.

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