RBS reveals property 'hotspots'

14 September 2006
First-time buyers looking for the best place to invest in a property should head to Yorkshire, according to a new report from Royal Bank of Scotland (RBS).

The RBS First-Time Buyer (FTB) Property Index looks at how much people will want to live in an area and how likely they are to enjoy house price growth once they have their property.

Lindley, just outside Huddersfield, came top of the list, beating Newham in East London.

Karen Snodgrass, RBS head of mortgages, said: "This year's FTB Property Index highlights the many opportunities available to those first-time buyers willing to beat a path for others to follow.

"Whilst we recognise that making your first step up onto the property ladder is never easy, we hope that the index will provide a practical and inspiring resource," she added.

Lindley's proximity to a major city – Leeds – scored highly in its favour, as did the supply of new housing, particularly those properties involving conversions of 19th century mills.

Recent government figures show the average mix-adjusted UK house price was almost £195,000 in July, six per cent higher the same time last year.

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