14
Aug
Northern properties 'see larger price rises'
Properties in the north have seen larger price rises than those in
the south in the last three months, according to a London property
expert.
Naomi Heaton, chief executive at the London Central Portfolio,
argued that new Land Registry figures published this week prove
that there is no geographical property divide.
Her comments come despite the recent publication of a number of
reports which claim that properties in the south are outperforming
those in the north.
"The quarterly data clearly indicates that there has not been a
north-south divide in the last quarter," said Ms Heaton.
She added that the best-performing areas are actually located in
the north, with Yorkshire and Humberside experiencing a price
growth of 3.74 per cent.
Land Registry statistics also demonstrate that property prices in
the north and north-west increased by 4.61 per cent and 2.3 per
cent respectively in the second quarter compared to the previous
three months.
