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01.12 - 11:39
Great Britain’s north-south house price divide ‘will narrow over next five years’
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The north-south divide in house prices will narrow over the next five years, it was predicted this week, with some regions recording rises of almost 19% during the period.
The property firm Savills said it expected prices to rise across Great Britain and revised its forecast for the next five years upwards.
It predicted increases of 3.5% next year, driven by robust growth elsewhere in the economy and a shortage of homes for sale. By the end of 2026, it said prices could be up by 13% – the same growth that has been recorded in the months since the housing market reopened after the first coronavirus lockdown.
Over the past 16 months, prices have risen in all areas of Great Britain. However, the biggest increases have been in markets outside
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