North-South house price divide ‘to narrow’
The North-South divide in house prices will narrow in the next five years as property values in northern England rise by a fifth, a report suggests.
Estate agent Savills has predicted that British house prices will rise in line with average incomes from 2019 to 2024.
But house price growth will range from 21.6% in the North West of England to 4.5% in London.
Scotland and Wales will see property values rise by nearly 20% over the same period, Savills believes.