North/South divide "continues to shrink" says Halifax

clock

The North/South economic divide in the UK is continuing to shrink as northern regions of Britain carries on raking in the biggest property gains, a Halifax survey suggests.

According to the lender’s latest house price index, the much stronger house price rises in the North during the past two years have seen the North/South gap in prices narrow significantly. The average price in London stood at 1.56 times the national average in the second quarter of this year, compared with 1.86 times three years ago. This trend is likely to continue as Halifax latest findings suggest six of the 10 counties recording the smallest increases were in southern England. Also, the top 10 property hotspots over the past twelve months are all outside southern England, Halif...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Mortgages

Client conundrum: Mortgage overpayments versus investments

Client conundrum: Mortgage overpayments versus investments

1.4 million people will see mortgage deals end this year

Laura Suter
clock 22 February 2023 • 3 min read

Summer economic update: Sunak confirms stamp duty holiday in 'mini-Budget'

Mini Budget

Hannah Godfrey
clock 08 July 2020 • 2 min read

FCA sounds alarm on equity release advice

'Tick-box exercise'

Hannah Godfrey
clock 17 June 2020 • 1 min read