First-time buyers (FTBs) should move north in order to get onto the first rung of the property ladder if new research from Royal Bank of Scotland (RBS) released today is to be believed.
The research claims Openshaw in Greater Manchester is the best place for FTBs to invest because the area is about to through an urban renewal project as well as offering some of the lowest property prices starting at around £52,690. RBS says the area is benefiting from the recent regeneration scheme, better local amenities and has seen house prices rise by as much as 14% in the last twelve months. RBS says there are five key factors affecting the suitability of an area and its potential for financial reward. The price earnings ratio of a local area compared to the national average is ...
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