North-South split grows as London house prices climb
Further evidence of the widening North-South divide in house prices emerged today as a national survey reveals that three-quarters of the postcodes registering price rises are in London and the South-East.
However, that doesn't mean an uplift in the property market as just 14.8 per cent of postcodes across the country registered price rises in February. Meanwhile, 8 per cent saw prices fall.
The figures are published in the latest Hometrack housing survey, which reports a negligible 0.1 per cent increase in prices over the month.
The research shows that almost half of London postcodes – 48 per cent – registered an increase in values over the month while 26 per cent of South-East postcodes had positive figures.
Richard Donnell, director of research at Hometrack, said London and the Home Counties had the greatest mismatch between supply and demand. "Domestic markets such as Southwark, Ealing, Merton and Bexley all saw above average house price growth," he reported.
"Meanwhile, prices remain under downward pressure in northern regions, where the trend is tipped towards price falls."
Prices slipped by 0.2 per cent in the North-East, 0.1 per cent in the North-West, and 0.1 per cent in Yorkshire & Humberside. In London, they climbed by 0.3 per cent.
- 1 'Not suppost to cry': 9-year-old lists the worst things about being a boy
- 2 Lee Evans announces his retirement from comedy on The Jonathan Ross Show
- 3 Iggy Azalea responds to Eminem rape lyrics: 'I'm bored of old men threatening young women'
- 4 These grandmas smoking weed for the first time are wonderful
- 5 Pastafarian former porn star Asia Lemmon allowed to wear colander in driving licence photo
Duchess of Alba dead: Billionaire Spanish duchess who lived life by her own rules, dies at 88
New York snowstorm: Death toll rises to 10 as residents battle with further snowfall
These grandmas smoking weed for the first time are wonderful
Chelsea balcony collapse: Two people dead and six injured in London
Woman opens professional cuddling shop – gets 10,000 customers in first week
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Muslims pre-date Columbus in discovering America,' says Turkish president Erdogan
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
France 'blocks' Russian sailors from boarding a warship
Former Tory PM Sir John Major says 'we would not have an NHS without migrants'
Revealed: How the world gets rich – from privatising British public services
iJobs Money & Business
Voluntary Only - Expenses Reimbursed: Reach Volunteering: Age Concern Slough a...
Voluntary Only - Expenses Reimbursed: Reach Volunteering: Crossroads Care is s...
£20000 - £25000 per annum + OTE £35,000: SThree: We consistently strive to be ...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...