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Thirty-minute commute ‘saves up to £86,000 on house costs’

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Commuters have been usually even if annual commute prices have been taken under consideration

Living 30 mins outdoor of Scotland’s greatest towns may save commuters up to £86,000 in house costs, in accordance to the Bank of Scotland (BoS).

Properties part an hour outdoor of Edinburgh have been £86,371 less expensive on reasonable whilst identical properties outdoor of Glasgow have been £22,000 less expensive.

BoS stated commuters have been usually even after commute prices of £1,700 have been taken under consideration.

However, in Aberdeen a commute of an hour used to be wanted to make the financial savings.

Commuters there would have to triumph over reasonable town costs of £195,000, with belongings costs in cities comparable to Inverurie and Insch virtually £40,000 above that determine.

‘Deciding elements’

House costs in Edinburgh commuter cities, comparable to Dunbar and Livingston, have been £156,829 on reasonable, in comparison with £243,200 within the capital.

In cities close to Glasgow, comparable to Greenock and Motherwell, reasonable costs reached £148,614 in comparison with virtually £171,000 within the town.

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Living 30 mins outdoor Glasgow may save £22,000

Graham Blair, mortgages director at Bank of Scotland, stated: “Distance from paintings is steadily one of the crucial deciding elements for getting a house.

“It is normally true 30-minute commute may give a big monetary saving when it comes to decrease house costs.

“This is the case with maximum cities surrounding Edinburgh and Glasgow, however now not Aberdeen, the place you want to commute round an hour to have the benefit of decrease house costs.

“A significant attention for commuting to main towns comparable to those is that the usually upper source of revenue that may be earned has a tendency to move a lot additional in surrounding cities.”

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