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Norf / Saff Divide

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I see from todays Halifax report that the north south divide is getting smaller as it would seem that the south is stagnant & north slightly rising.

I believe this is what happened during the last correction. I cant be bothered to look at the report now but I think the divide is now somewhere around 8%. Does anyone recall what percentage the divide went down to last time before the north realised the game was up

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The UK property market as a single entity lead by London/SE is a broken model, be warned by that.

London and the south crashed ahead of the north last time because the prices in the south were hugely inflated relative to the north. That why when you look at the stats for last time average UK prices fell about 20%, 40% in the south, 10 to 15% in the north.

This time the north has piled on more HPI than last time. This time there doesn’t need to be a London crash to trigger one in the inflated northern markets. Liverpool/NW and Newcastle NE will lead the crash.

Whats going to stop the overstretched northern house prices falling and falling big time?

Pablo Silver or Lead?

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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