UK Faces North-South House Price Divide

According to the Sun gazette, the East-West divide in house prices, which was previously characteristic of Great Britain, has now been replaced with a North-South one. The UK has become a country, separated in 2 halves with the turning point starting at the Bristol Channel. In the North of the country, property values have declined by an average of 9.98%, while in the East they have increased by up to 7.65%. Estate agents from the 2 parts have absolutely different opinions on the future of the property market. The line that divides the UK territory in 2 halves starts at the Bristol Channel and then it heads to the north-east, thus putting West Midlands, West Yorkshire, and Lancashire on the “down” side. Northumberland and Cumbria are also located on the losing side. Scotland is also in the negative territory with an exception of Edinburgh. However, in the other end of the country London is leading the market recovery. It was the Land Registry that lately claimed London has seen the first rise in house prices after an 18-months long history of declines. According to the land Registry report, London saw a 2% increase in house prices in June, while 50% of other regions also witnessed a rise. The report of the Land Registry finds proof in the real life: one of the sales negotiators with Douglas & Gordon recently said that the company receives serious offers that are oftentime being made above the asking price. A comparative analysis of more than 27million of UK residential properties allows to make the following conclusion: Property values have declined in the following areas: -    by 9.98% in Milford Haven and Pembrokeshire -    by 9.64% in Filey and North Yorks -    by 9.54% in Blyth, Northumberland  and -    by 9.39% in Sandbach and Cheshire Property values have gone up in such areas as: -    by 6.56% in Southsea and Hants -    by 4.49% in Ilminster and Somerset and -    by 3.58% in Southwell and Notts