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Monday, October 17, 2011

North south divide widens

It comes as no surprise to me that the north / south divide continues to grow.

With Rightmoves house price index for October now showing that average property prices in the south (£336,743) are now more than double those in the north (£164,347).

The norths average house price now stands at the same level it hit over six years ago in May 2005, taking inflation into account that's quite a house price fall.

These very general statistics are an indication of the differing fortunes of areas around the country and with an ever increasingly flexible population this trend will continue over the coming years.

Those with, will continue to move away from those without.

Expect Britain to divide further over the coming decades, a sad but inevitable truth of a free market.

Discounted landlord insurance from Alan Boswell

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1 comment:

Anonymous said...

Your probably referring to the English north-south divide rather than the British. Sorry to be pedantic but most of Yorkshire is in the south of Britain