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Edinburgh commuters 'saying money by living on the outskirts'

Many people are saving money by living on the outskirts of Edinburgh instead of the city centre, research has revealed.

Conducted by the Bank of Scotland, a study found house prices 30 minutes out of town are 30 per cent cheaper than those further in.

While the average Edinburgh property costs £201,647, it is around £133,000 in places such as Falkirk and Livingston.

Even though individuals often have to pay for rail passes, which set them back around £3,000, they are still saving money, the research discovered.

Nitesh Patel, housing economist at Bank of Scotland, said: "It's no surprise that the further you commute the larger the savings made because of lower house prices, even when rail costs are taken into account - though the rail journey is longer."

With this in mind, some people may wish to consider relocating and could use an Edinburgh storage company if they cannot transport all of their belongings.

Last week, research conducted by Savills found properties in prime Scottish locations are staying on sale for longer due to reluctance among sellers to accept lower prices.

Posted on Monday, 19 September 2011 under Edinburgh Storage

 

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