Generally, UK property prices are seen to be much higher in the South East and London, with more affordable areas of the country located in the north of England and Scotland.
While the North-South divide still holds largely true, there is some indication that it is shifting, and that this shift is happening in some perhaps unexpected parts of the UK.
The result? It’s good news for property owners, perhaps, but even traditionally affordable areas are becoming more unaffordable for anyone wanting to buy, particularly first-time buyers, with more and more doomed to a lifetime of renting.
Looking at house price averages according to Land Registry records and how they’ve changed over the last decade, taking the average price of £200,000 as the threshold, automated property management specialists Howsy.com came up with some interesting numbers that point to rising house prices in the North and Wales.
The figures point to a changing picture of how UK pricing works, with many more UK regions exceeding the £200K average than in 2009 and not all of them uniformly in the South or South East of the country.
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