'Affordable yet affluent' hotspots revealed

A new study from the Royal Bank of Scotland (RBS) has revealed that the town of Beverley, Yorkshire, is the UK location that best combines affordability and affluence.

RBS research, investigating economic and social indicators such as the presence of high class restaurants, good schools and cultural attractions, found that the Yorkshire town combined such factors with an average house price of just £182,000.

The figure is just £2,000 higher than the national average, the report advises, and compares favourably with residents' average annual income of £37,000.

"Wealth in Britain is on the rise and research shows that there is likely to be extensive growth in the number of people earning around £100,000," commented RBS head of private banking Harry Keogh.

"The aim of the Affordable Affluence Index is to show people around the country that a wealthy lifestyle is a great deal more accessible than many of us might realise," Mr Keogh added.

But a survey produced by the Post Office last week found that the typical Briton current saves just two per cent of his or her income.


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