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Regional Price Variations

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Any views on how the crash (and hopefully, recovery) will affect property values on a regional basis?

I moved from Surrey to North Wales in 1984 selling a three mid terrace box and bought a five detached with massive gardens in North Wales for the same price. Doing the same exercise now (going by Rightmove) would get me a basic three bed semi round here.

Prices are low in some areas for good reason - low wages, cheaper land, remoteness from civilisation and so on. I would have thought that rising fuel prices would have meant polarisation around the South and bigger Northern cities. Towards the end of the last boom prices became reasonably similar throughout the UK only to pull apart during and after the 1990's crash. They appear to have drawn more closely, again, now. Why does this happen? Presumably we should expect significant regional variations to emerge again.

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  • 401 Brexit, House prices and Summer 2020

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      • down 5% +
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