020 7538 0102
31st July 2015
Lloyds Bank research reveals that homes an hour from London are on average £450,000 cheaper than equivalent properties in the capital. This is at odds with the situation in the rest of the country; in Manchester, for example, a property 40 minutes away is more expensive than in the city itself. With the average cost of a yearly rail ticket from London commuter towns costing £4,944, a commuter would need to commute for 91 years before compensating for the difference in average house prices.