tyres Posted August 22, 2014 Share Posted August 22, 2014 House prices since 2008: best and worst regions Where the biggest price rises and falls have occured since the financial crisis struckA stark North–South divide on house prices is splitting the country in two with a line from Birmingham stretching across the Midlands to Norfolk, figures have shown. Property values in almost all areas below the dividing line, particularly London and the Home Counties, are above prices recorded before the financial crash in 2008. However, in the north of the country, every county except two has prices that are still below their precrisis peak, with County Durham, West Yorkshire, Greater Manchester and the North East among the worst hit. more here... Quote Link to comment Share on other sites More sharing options...
billybong Posted August 22, 2014 Share Posted August 22, 2014 However, in the north of the country, every county except two has prices that are still below their precrisis peak, with County Durham, West Yorkshire, Greater Manchester and the North East among the worst best hit impacted It's just a shame that the south of the country hasn't done as well. Quote Link to comment Share on other sites More sharing options...
Ologhai Jones Posted August 22, 2014 Share Posted August 22, 2014 more here... Let me guess... Have they got 'best' and 'worst' the wrong way around? Quote Link to comment Share on other sites More sharing options...
billybong Posted August 22, 2014 Share Posted August 22, 2014 (edited) Ray Boulger, senior technical manager at mortgage advisers John Charcol, said that much of the rise in property prices was being driven by people moving to areas where there was most work. John Charcol also arrange mortgages and Ray Boulger is also the vice-chairman of the Association of Mortgage Intermediaries (AMI) an organisation lobbying for mortgage brokers. About AMI Our Role AMI has a pro-active, campaigning mandate and is the voice of the mortgage intermediary profession. We are here to lobby the Government, policymakers, regulators, the media and consumer groups both in the UK and in Brussels, to better represent the needs of mortgage brokers across the country. It's a shame the telegraph doesn't mention that. Edited August 22, 2014 by billybong Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted August 23, 2014 Share Posted August 23, 2014 I could have almost written the article myself. I have long argued on this site that there is a line that runs from South Shropshire, across the North Midlands to the Wash where prices north of the line are still sub peak. Bears don't like it.....because it doesn't fit a bust scenario. Bulls don't like it either because they have to face up to the fact that a house purchase in these areas hasn't been the golden goose they think. Quote Link to comment Share on other sites More sharing options...
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