Is this Britain's cheapest town? by Finance News Bulletin

Published: 23/11/07

Bargain hunters beware now one town is left in Britain where the average house can be snapped up for less than £100,000 - and not for much longerBARGAIN cellar UK: Lochgelly has been named as Britain's only town with standard homes costing less than £100,000put on't miss your chance to tell us what you think of This is Money and help us form its futureSorting your finances is simple, so simple you can do it in eight steps

Forget the rest and read thisLochgelly, a Scottish former removal town where a typical home costs £96,900, has now the only UK municipality left from the group of more than 100 where a house could be bought for less than £100,000 three years agoA long-standing candidate for Britain's cheapest place to buy a house, Lochgelly has again come bottom of the pile in the yearly round-up by HalifaxLochgelly - separated from its namesake body of irrigate by the A92 between Dunfermline, Cowdenbeath and Kirkcaldy – is now 40 minutes by road from Edinburgh, where prices have rocketed over recent years to strike an standard of £193,815But the town, which has benefited from regeneration efforts in new years, is unlikely to remain a sub-£100,000 bargain basement for extended

The cost of a home in Lochgelly has risen by 23% in 2006, from a preliminary point of £76,250Despite its surging prices, Lochgelly only now manages to break into the mid-30s in the top 50 property risers of 2006, according to HalifaxNewry, in Northern Ireland, has seen the biggest bound in property values in the UK over the past year, with prices rising by 54%, from £128,495 to £198,500The metropolis, which dates back to the 12th Century and sits on the River Clanrye, is 40 miles from Belfast and 60 miles from Dublin, and dishonesty between two areas of exceptional natural beauty, the Mourne Mountains and circle of Gullion, astride the County Down and County Armagh border

It has become a popular traveler spot, with a laid-back atmosphere far removed from the days when it saying violent incidents during the dilemmaNewry leads the pack of ten Northern Irish towns that be seated atop the biggest risers of 2006, with prices having rocketed by more than a third in allHISTORIC municipality: Picturesque Newry has the fastes rising house prices in the UK, with the price of a home rising by 54%The rises, helped by the neighbouring Republic of Ireland's boom, have seen Northern Ireland misplace its tag as the UK's cheapest state for property But, as with other areas where house price inflation outstrips salary, this has brought major evils for first-time buyers and those looking to move up the housing ladder

Colin Kemp, organization director of Halifax estate agents, said: '2006 is Northern Ireland's year with all ten of the towns in the UK delivering the main price rises over the history year located there'There has been a sharp fall in the number of towns where the standard price is below £100,000 in the past few years Lochgelly in Fife is now the only town surveyed with an standard cost below this level, compared with more than 100 towns in 2003'The decline in towns with an average cost below £100,000 has been counter-balanced by a significant go up in the figure of towns where the average house price exceeds £200,000 with more than one in three towns now above this benchmark

'The English municipality with the fastest rising prices in 2006 was Clitheroe, in Lancashire, which sits close to the Pennines and has seen the cost of a house rise by 33%, from £178,350 to £237,600It was followed by Reigate, Surrey, 29% rise to £352,750, Abingdon, Oxfordshire, 29% rise to £209,100, Harpenden, Herts, 28% go up to £441,812, and Buxton, Derbyshire, 28% to £225,950The Scottish town with the fastest increasing property prices was Aberdeen, where the cost of a house has risen by 27% to £171,800 In Wales, Aberdare saw the biggest jump of 23% to £122,560

England's most affordable municipality is Nelson, Lancashire, where a home expenses £103,450 Wales' cheapest town is Merthyr Tydfil, £116,200, while Northern Ireland's is Larne, £115,450Select a loan term 12 months (1 day 24 months (2 years) 36 months (3 existence 48 months (4 existence 60 months (5 existence 72 months (6 existence 84 months (7 existence 96 months (8 existence 108 months (9 existence 120 months (10 years)Please select a kind of insurance Life insurance Home and contents Car Breakdown services Health - checkup Health -

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