Peace of Mind...
After years of price rises fuelling the southern property market, the introduction of new lending rules combined with more attractive northern propositions are due to turn the North-South divide upside down.
A new forecast shows, homes in the north are expected to see their values soar by over 20% within the next five years.
Surprisingly, the mass exodus of large companies moving away from the London area is also occurring on a national scale as well, with companies such as the BBC and Channel 4 moving their headquarters to Manchester and Leeds respectively to avoid the high operating costs associated with the capital.
London properties are expected to increase by only 4.5% over the next five years – 12.6% for the South West as a whole – while the North West is expected a to enjoy a 21.6% increase in the same period, with Yorkshire and Humberside expecting a rise of 20.5%.