The UK property market is showing no sign of slowing down any time soon after yet another house price growth. Due to a shortage of homes for sale but a high demand of people looking to move, house prices jumped by 12.6% in February - which is an increase for the seventh month in a row.
Greater Manchester vs London house prices: What you can buy for £50,000
13.02.2022 - 14:15 / manchestereveningnews.co.uk
Across the UK house prices fluctuate largely depending on where you live.
When looking at what properties you can buy for the same amount across the country - the north-side divide becomes all the more evident.
And while parts of Greater Manchester are now far from cheap, house prices in London are said to be up to seven times more expensive than homes in the north.
MyLondon recently revealed London's 'smallest' flat is currently up for sale for £50k - but despite the cheap price for a life in the capital, it is really tiny.
READ MORE: How much first-time buyers need to earn to buy a home in Greater Manchester
The studio flat in Clapton, Hackney is only 75 square foot, with simply just a single-bed, cupboard, shelves, microwave, space for a small fridge, fold-out table, a sink, no hobs though, and a separate toilet.
The price tag of this flat, which is set to go to auction, is just less than the average first-time buyer deposit in London which is currently £53,935, according to Halifax.
Here we compare what flats and apartments you can buy for £50,000 across Greater Manchester to see how much more, or less (if that's possible), you can get for your money.
£35,000
The cheapest flat currently on the market is in Crumpsall - and it's listed for a bargain price of £35,000.
Although it's set to go to auction, this ground floor apartment is much more spacious - and cheaper - than London's £50k flat.
The one bed home has an entrance hallway that leads into a lounge diner, a separate kitchen, one bedroom and a bathroom.
£45,000
Also set to go to auction in Middleton with a starting price of £45,000 is this ground floor flat.
The apartment seems to be fairly spacious with a hallway, lounge, kitchen area, one bedroom and a
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