Will the north properties prices catch up

Harrybrown100121

Will the Midlands and the North always be cheaper than the South? Even with the government plans to level up and HS2 and hyperloop? Will HS2 make the make the midlands and the north an extension of the london communal belt thus raising properties prices.

yksi

You're talking about supply and demand. The places where people prefer to live will remain more expensive, perhaps with some small "adjustments" in the centre of major cities where people are more content to live on their outskirts now if they can work from home. But all up, people still think the south is aspirational and the north is less so.

John_

Harrybrown100121 said:

Will the Midlands and the North always be cheaper than the South? Even with the government plans to level up and HS2 and hyperloop? Will HS2 make the make the midlands and the north an extension of the london communal belt thus raising properties prices.

No, the North will likely never catch up unless the UK’s economic centre shifts, which doesn’t seem like,y to happen soon.

Davesnave

Harrybrown100121 said:

Will HS2 make the make the midlands and the north an extension of the london communal belt thus raising properties prices.

Who knows and does it matter? There are nice parts of the North and the Midlands to buy in, and if it's cheaper to do so, that's a plus, surely?
And what's a communal belt? The only one of those I had was when we all got a thrashing for smoking on the school bus!

Neil49

HS2 (should it ever be completed) will be too expensive for the vast majority of people and will have minimal effect on general house prices in the Midlands and North. 

GDB2222

HS2 will have capacity for 576,000 journeys a day. If that’s all going to be done by the elite, the poor dears are going to be completely exhausted. 

we have seen that a lot of office jobs can be done from home, perhaps with occasional trips into the office.  So, people will be able to live further from London and yet still count that as their nominal workplace. HS2 will make the journey quicker, but certainly not cheaper, and long journeys are quite expensive. 

MaxJones

London is falling every month for years

GDB2222

Besides that it’s going to be another 10 years before the first trains run on HS2, and then only as far as Birmingham.  It’s going to be 50 minutes from there to London, but unless you live on top of Birmingham station and work inside King’s Cross, you’ll have to add travelling at each end to the journey time. 

Living in central Birmingham and working in central London is hardly a compelling proposition. So, the actual commute time is likely to be more like two hours each way. That’s not very appealing either, at least not on a daily basis.

fred246

If you live in the South you need a salary to support it. If you work in the public sector you are much better in the North. You get a much better property for your money. So you have lots of disposable income to enjoy a higher standard of living. Where I worked they had a theatre club. They knew when to book the cheapest trains to London and how to get the cheap hotels and tickets. I always said there couldn't be many people in London that had seen the number of shows they had. When you aren't spending all your cash on property you can do things like that. The football teams are rubbish down South too.

jimbog

MaxJones said:

London is falling every month for years

Absolutely right. The Land Registry data clearly shows this

GDB2222

fred246 said:

If you live in the South you need a salary to support it. If you work in the public sector you are much better in the North. You get a much better property for your money. So you have lots of disposable income to enjoy a higher standard of living. Where I worked they had a theatre club. They knew when to book the cheapest trains to London and how to get the cheap hotels and tickets. I always said there couldn't be many people in London that had seen the number of shows they had. When you aren't spending all your cash on property you can do things like that. The football teams are rubbish down South too.

My son works in the Civil Service in Whitehall.  I’m going to pass on your concerns that the London Weighting is far too small. 

Do you think that the unions would support say a five to ten year pay freeze in the public sector so that that money could be channelled into the London Weighting?