November 7, 2011 Leave a comment
A sudden surge in the London property market, in run up to the 2012 Olympics has created a significant divide in property prices in the north and south regions of the UK. The Olympics property investment has created a mini boom in specific areas of the south. However many areas in North are not witnessing the same benefits.
A report by Rightmove states that average property house prices in the North stand at £164,347, in comparison to an average house price of £336,743 in the southern UK regions. Figures suggest that prices rose by an average of 4.7% in the south and in the North property prices fell by 0.7% since May 2005. Read more of this post