North/South divide in house prices clear

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Property prices in Bellshill, Strathclyde rose again by the highest proportion in the UK at 46%, according to the first Halifax quarterly house price index of the year, demonstrating a clear divide between the north and south of the UK.

The average property price in the town has risen from £72,508 in the first quarter of 2004 to £105,698 so far this year, says the report. The ten towns recording the biggest price increases in the last 12 months were outside southern England, with four in Scotland, three in Wales and the remaining three in the North. But all ten towns continue to have property prices below what Halifax says is the national average of £162,840. At a regional level, the lender says the Highlands of Scotland (35%) have seen the biggest jump in house prices over the last year, followed by Fermanagh in No...

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