Things we can’t afford to do any more: the list

With the threat of economic uncertainty, it’s becoming more expensive to do a range of things including buying a holiday home in a holiday destination, buying a home in the UK or, for farmers,…

Things we can't afford to do any more: the list

With the threat of economic uncertainty, it’s becoming more expensive to do a range of things including buying a holiday home in a holiday destination, buying a home in the UK or, for farmers, taking your animals out for their annual seasonal wanderings.

At least this is the conclusion reached by surveyors EY following a study of prices in more than 300 locations worldwide. In general, the UK is getting pricier with London and the south-east, which have long been considered most expensive destinations, no longer being able to claim to be the most expensive place in the world.

On that basis, London and the south-east would now have to look elsewhere to be among the three most expensive places in the world.

That puts even more pressure on to the UK regions along the Channel such as Dover and Folkestone, where houses would have to sell for more than £4m, or at least £2.1m to £2.6m for those on the outer banks, in order to fall outside the most expensive destinations.

In fact, the English regions are three-to-four times more expensive than the Russian and Japanese regions at the top of the EY chart and in the continent prices are also higher for much of the continent.

The more exotic destinations on the survey include Belize, a destination with strong historical roots and a fantastic sunshine climate where homes sell for more than £4m but in the US and Canada it is relatively less expensive to own a home.

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