Hi jamboy. If you are looking for positively geared property, the north is probably your best bet (e.g. Leeds, Sheffield, Nottingham areas), or parts of South Wales. I’ve heard that prices are on the rise in Manchester.
The buy-in price can be a lot lower in the north than in the south, but it’s the same principle as in Australia – if the property is positively geared don’t expect much if any capital growth.
‘Flipping’ in the UK is certainly not a quick process, with solicitors making the buying and selling process very slow, so that even a cash purchase and no chain can take 4 months or more to complete.
There are fewer peaks and troughs in the UK property market than in the Australian market.
But who knows what will happen after the general election today… ;-)