fruitmortgages's Blog

There has been an increase of over £15,000 in the north-south divide in England's house prices during 2007, this comes despite growth in all regions of the north except Yorkshire and Humberside, Nationwide stated this week.Figures from Nationwide show typical house in the south of England is almost £90,000 higher than in the north which was originally a £75,000 difference. The gap has been opening since 2004, and widened in 2007 as prices in the south grew by 9% compared with an annual growth rate of 3.4% in the north.Nationwide stated that the recent years saw prices in the north catch up with those in the south, however the gap is now back to a similar level to 10 years ago.Its figures, which focus on prices in the last three months of 2007, show the London market remaining buoyant, d...