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North/South house price divide is £200,000 says eMoov

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The UK has a North/South house price divide of £200,000, according to research from eMoov.

The divide begins by Bristol in the West Country and runs up the border with Wales through Herefordshire and Shropshire, before cutting back down through Worcestershire below the West Midlands by Leicestershire and Rutland, to Norfolk and the East Coast.

South of the border the average house price is currently £295,395, having increased 9 per cent in the last year.

However, this drops to £146,344 and an increase of 4 per cent over the last year on the North side.

Removing Scotland and Wales from the equation only sees a slight increase to £155,410 across eMoov’s northern region with prices up 5 per cent in the last year.

EMoov says that the divide does not apply in North Yorkshire, Edinburgh. East Lothian, the Vale of Glamorgan and Monmouthshire.

EMoov founder Russel Quirk says: “Of course, this research is only valid where property prices are concerned and doesn’t consider the further economic criteria that divide the North and South of the UK.”

Quirk adds that the divide is often discussed in the industry, but that the market has lacked clarity about where the separation actually is.

He says: “It is widely considered that the North is playing catch-up with the South where the divide is concerned and of course, there is good reason property may command a higher price in particular areas of the UK.

“However, for many struggling to get that first foot on the ladder, this research highlights the additional hurdles facing those south of the line and in this instance, why heading north is a much more attractive proposition. Yes property prices are climbing at a slower rate but that is of little concern to those that don’t own a property.”

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