You have 315k to spend on a property in an area that you want to perform the best over the next year - where would you put it?
It must be easy to sell again in a year.
Now this is just fun (but it's a real problem) - we can't step off the property ladder because we won't get this mortgage again, we are hoping for a great offer on our current place which isn't repeatable. We can't afford to buy something we want so we HAVE to have a mortgage somewhere.
Somewhere close to but not in the flight path of Gatwick. The second runway there seems to be a bit of a done deal (bar the shouting), it's an hour commute to London and the market is still as zippy as London was last year.
Er yeah still a bit challenging last time I was there... though apparently less so in the Plumstead direction, so may be worth having a poke around that way - I think the housing stock's a bit nicer.
Re-thinking it, if it's just for a year I might do more of a Leyton thing than a Woolwich thing though!
Or Hastings. The hipster-grapevine keeps throwing it at me as a place people are moving to, and it is just insane what you can buy. But it is Hastings. And I'm not sure it'll come up fast enough, might be more of a 5/10 year thing.
Northern Ireland. Prices here crashed in 2007, are currently still 40-50% below the peak, and are predicted to rise over the next 5yrs. Belfast prices rose faster than London last quarter. High public sector employment but the current lowering of corporation tax to rates comparable with RoI is aimed at stimulating investment from the private sector.