London kids 'biggest savers'

London kids 'biggest savers'London-based children have the highest average savings balances in the whole of the UK, new research has found.

According to the Halifax Children's Savings report, six of the ten local authorities found to have the highest average savings balances in youngsters' accounts are situated in the capital.

Nitesh Patel, economist at Halifax, said: "There are wide variations in children's savings balances between regions, with generally higher balances in Greater London and the South East compared to the north of England and Scotland."

The economist added encouraging children to save from an early age could play an important part in their futures.

People living and working in the capital may also be keen to save money and could find they achieve this goal by choosing flats to rent in Fulham or another part of London, rather than buying in the same area.

This is because house prices in the city are typically higher than elsewhere in the country, so by renting, people could find themselves saving valuable money by not taking on a mortgage.

Written by Charles Mackay

Published 4th January, 2010

© 2010 Estates IT Limited

Latest London Property News Headlines

Why Abbey Wood is transforming into a sought-after location

Why Abbey Wood is transforming into a sought-after location

Abbey Wood is a small district located within south-east London, within the boroughs of Greenwich and Bexley.

Read Article ... Published on 19th November, 2014

New market plans given the green light by Wandsworth Council

New market plans given the green light by Wandsworth Council

Wandsworth Council have approved plans to develop the country's biggest fresh produce market, it has been announced.

Read Article ... Published on 17th November, 2014

Haringey launches initiative to boost energy efficiency for residents

Haringey launches initiative to boost energy efficiency for residents

Haringey Council has spearheaded a new initiative designed to cut energy bills for its residents, it has been revealed.

Read Article ... Published on 14th November, 2014

New transport links for Wandsworth

New transport links for Wandsworth

Battersea and Nine Elms are now a step closer to central London after the government announced plans to build two new underground stations in the area. Wandsworth is one of the areas of London set to benefit the most from the planned extension of the Northern Underground line. The plans were unveiled by the Department for Transport (DfT) and Transport for London (TfL) on November 13th.

Read Article ... Published on 13th November, 2014

Bexley schools among best in country

Bexley schools among best in country

In heartening news for the borough’s parents and young people, pupils at Bexley schools and colleges are progressing to higher education at some of the highest rates in the country.

Read Article ... Published on 13th November, 2014

New Eltham: A thriving London district which is great for retail therapy

New Eltham: A thriving London district which is great for retail therapy

New Eltham is based in south-east London, and is based in the London borough of Greenwich. Parts of it also lie in Bexley.

Read Article ... Published on 7th November, 2014

Haringey Council given the go-ahead to build affordable homes

Haringey Council given the go-ahead to build affordable homes

Plans to build more than 100 affordable homes in Haringey have been given the green light, it has been announced.

Read Article ... Published on 6th November, 2014

Bromley Council to create extra accommodation for vulnerable residents

Bromley Council to create extra accommodation for vulnerable residents

Bromley Council has increased the amount of temporary accommodation it has available by revamping a disused care home, it has announced.

Read Article ... Published on 5th November, 2014

Docklands regeneration underway

Docklands regeneration underway

A major regeneration project is taking place in the Docklands, it has been announced.

Read Article ... Published on 4th November, 2014

Enfield launches new drive to build affordable homes

Enfield launches new drive to build affordable homes

Enfield Council has launched a new drive to fund and build affordable and private rental homes in the borough, it has been announced.

Read Article ... Published on 3rd November, 2014

Children living in the capital have been fund to be the best savers, which may inspire grown-ups to look for ways to boost their own saving, such as by choosing flats to rent in London.

London kids 'biggest savers'

Do you want a Short Let?

Do you want a Commercial Let?



Like this?
Share this
Follow Net-Lettings
Facebook Net-Lettings.co.uk Twitter Net-Lettings.co.uk RSS Feed
Follow Estates IT
Facebook Estates IT Twitter Estates IT RSS Feed

Estates IT offering Estate Agents Software. Lettings Agent Software, Rental Software, Property Management Software.
Net-Lettings.co.uk

Net-Lettings.co.uk was one of the first property and agent directory websites on the internet launched in 1996. We still believe in simplicity today. Use this London Lettings Directory for all your rental property needs whether a Tenant or Landlord.

Subscribe to RSS feed, or bookmark us so you do not miss any London News Articles we publish.

London Areas

London is a diverse community of people. There are many areas to choose from we have around 245 that appear on the map and approximately 338 total London areas. Here are just a few of the latest hot areas.

Letting Agents Docklands
Letting Agents Camden
Letting Agents Notting Hill
Letting Agents St John's Wood

Advertising & Sales

This site offers Letting Agents low cost effective advertising of their web site. We are not a Letting Agency but connect you directly Lettings Agents in your required area. Letting Agents see below options available with Net-Lettings. You can contact or follow us below.

Advertise on this site ...
Register with us ...
Need Estate Agent Software?

Nibbler report