Asking prices in the South are now more than double than in the North
Rightmove’s House Price Index for October 2011 today reveals that average asking prices in the South are now more than double those in the North.
Although the national average price increased 2.8% in the past month, this was driven by prices in the South (East Anglia, South East, South West and Greater London) increasing by 4.7% to now stand at £336,743. Prices in the North (East Midlands, West Midlands, Wales, North West, Yorks & Humber and North East) fell back -0.7% to £164,347, a difference of £172,396 and the largest ever North/South price divide.
Rightmove director Miles Shipside comments: “While those in the affluent south may have cause to celebrate their prices being well up on this time last year, prices in the north continue to go backwards, leaving the widest price gap ever. For the average asking price of a property in the south you could now buy two average properties in the north and still have enough change left to buy new carpets and curtains.”
Here are some properties currently on Rightmove which show the current UK property price divide…
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