Thread: UK House Prices - North/South divide

The average house price in the South is now more than twice as high as in the North, a study has revealed.

It is thought to be the first time that the North/South gap has widened to this extent.

Despite widespread economic gloom, experts say that asking prices across London, the South-East, South-West and East Anglia rose by 4.7 per cent last month.
Boom or bust: While property prices in the South continue to increase, house values in the North fell again last month

Boom or bust: While property prices in the South continue to increase, house values in the North fell again last month

However, prices in the North and North-West, the West and East Midlands, Yorkshire and the Humber and Wales fell by 0.7 per cent.

The typical property in the South now costs £336,743, compared with £164,347 in the North. The £172,396 gap is the largest recorded in the nine-year history of property firm Rightmove’s pricing index.
Pugh

Property prices had been predicted to fall by as much as ten per cent by 2013 due to the challenging financial climate, but Rightmove said the South, and London in particular, continues to exceed expectations.

In the four years since the start of the credit crunch, asking prices have fallen by 9.6 per cent in the North - but jumped 5.4 per cent in the South.

Rightmove spokesman Miles Shipside said: ‘Wider access to mortgages and rising asking prices are early signs of increasing demand, giving homeowners some grounds for hope of a market recovery.’

However, he added that the reality was a ‘two-tier’ market with a ‘growing price gap’. The firm’s report suggested high unemployment in the North had driven prices down.

Snobbery...thats all it comes down too

The north has been dragging us down for years, not just financially - culturally, our image abroad, fashion, crime...........,,,......,,,....

In face one of the reasons i left the uk initially was that the firm i was working for relocated our department to Birmingham and gave us a choice of a severance package or move up north! I took the money and headed off to Spain.
If I had my way i would build a huge wall just north of St Albans.

Originally Posted by Aldo

The north has been dragging us down for years, not just financially - culturally, our image abroad, fashion, crime...........,,,......,,,....

In face one of the reasons i left the uk initially was that the firm i was working for relocated our department to Birmingham and gave us a choice of a severance package or move up north! I took the money and headed off to Spain.
If I had my way i would build a huge wall just north of St Albans.

That post deserves only one 2 worded response...it begins with F and ends with F...but now Im a moderator I wont be able to say that so instead....

There is also a divide between England and Wales- house prices in Wales are significantly cheaper, even in Cardiff, than those over the border.

Originally Posted by Tillyfloss

That post deserves only one 2 worded response...it begins with F and ends with F...but now Im a moderator I wont be able to say that so instead....

Come on Tilly, let him build the wall us Northerners would be better off