Why are house prices in London so more expensive than the north

Harrybrown100121

Will HS2/ Other high speed trains mean midlands/ northern properties prices go up?

strawb_shortcake

Potentially depending on the successful roll out of HS2 but I really can't see 20 minutes quicker to/from London having a significant impact, certainly not to meet the average prices in London. 
It may be that the more affluent areas in the north feel the benefits first and then the natural ripple effect will spread out to other areas. 

I'd imagine someone more knowledgeable will be along and point out some flaws in my thoughts before long

Getting_greyer

Probably not for another few decades. Although it will increase demand and output in the economy.  What this will do to inflation/interest rates who knows.

Gorge_Walton

It all depends on the economy of the country.

movilogo

Look at population density and then search for number of jobs available around London, then compare with the same in North. 
There lies your answer.

ZeroSum

It'll be 50 years before HS2 comes north or even HS3 happening

timeism0ney

Probably,.. but very slowly. As it stands, not a lot of people can secure high enough paying jobs in the North to be able to afford anything remotely like London prices and those that do actually commute to London (not everyone's cup of tea). 

ZeroSum

timeism0ney said:

Probably,.. but very slowly. As it stands, not a lot of people can secure high enough paying jobs in the North to be able to afford anything remotely like London prices and those that do actually commute to London (not everyone's cup of tea). 

A lot in London can't. That's why so many young professionals end up in HMO's.

Personally, you'd need to quadruple my wage before I'd even consider London

mobileron

Its the real ale,proper fish and chips,Rugby league it drives us all to travel South and tell you what your missing.

swaledale_one

London is unbelievably, eye-wateringly expensive and will continue to be for many many years as people keep wanting to work and live there which is absolutely fantastic for us northerners. 

renegadefm

I wouldnt live in London if you payed me. Probably the worst city in the UK.