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

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

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Will HS2/ Other high speed trains mean midlands/ northern properties prices go up?
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  • annabanana82annabanana82 Forumite
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    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_greyerGetting_greyer Forumite
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    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_WaltonGorge_Walton Forumite
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    It all depends on the economy of the country.
  • movilogomovilogo Forumite
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    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.
    Happiness is buying an item and then not checking its price after a month to discover it was reduced further.
  • ZeroSumZeroSum Forumite
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    It'll be 50 years before HS2 comes north or even HS3 happening
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  • timeism0neytimeism0ney Forumite
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    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). 
  • ZeroSumZeroSum Forumite
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    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
  • mobileronmobileron Forumite
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    Its the real ale,proper fish and chips,Rugby league it drives us all to travel South and tell you what your missing.
  • swaledale_oneswaledale_one Forumite
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    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. 
  • renegadefmrenegadefm Forumite
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    I wouldnt live in London if you payed me. Probably the worst city in the UK. 
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