Will the north properties prices catch up

parcival

Many reasons why the 'North' will never catch up - supply and demand plus London is in the south. For me as a retired person in the south I would love to move to the countryside in Yorkshire or Cumbria but wet and cold have stopped that....

dimbo61

House prices have increased more in the right parts of big northern cities !
Manchester and areas like Chorlton, Didsbury and nearby towns/villages such as Wilmslow/Alderley edge have increased in value far faster then other cities over the past 10 years 

Davesnave

MaxJones said:

London is falling every month for years

jimbog said:

MaxJones said:

London is falling every month for years

Absolutely right. The Land Registry data clearly shows this

And from personal experience, the scummy little terraced property we rented off Willesden Lane in the late 60s for 20 guineas a week is now only worth around £1.2 million. Like the US election, it's a steal.

GDB2222

parcival said:

Many reasons why the 'North' will never catch up - supply and demand plus London is in the south. For me as a retired person in the south I would love to move to the countryside in Yorkshire or Cumbria but wet and cold have stopped that....

You have lumped Yorkshire and Cumbria together. Yorkshire is on the East coast and rainfall is quite modest, whereas it rains 24/7 in Cumbria.  

It’s colder in Yorkshire than the South, though.

Neil49

I think the impact of Covid and the dramatic increase in the level of working from home will have more influence on house price increases than HS2. A number of our friends have been working from home since March and they have been advised that it will continue for the foreseeable future. The lease of the building they work in is due to be renewed next year but they have been told that it won't happen and the intention is to move into a smaller building, already used by them, which will be their base but the majority of staff will do the majority of their work from home and only visit the office possibly once a week at the most. 

Alter_ego

People will always favour the south until the weather changes so that winters are equally warm up north

Davesnave

GDB2222 said:

parcival said:

Many reasons why the 'North' will never catch up - supply and demand plus London is in the south. For me as a retired person in the south I would love to move to the countryside in Yorkshire or Cumbria but wet and cold have stopped that....

You have lumped Yorkshire and Cumbria together. Yorkshire is on the East coast and rainfall is quite modest, whereas it rains 24/7 in Cumbria.  

It’s colder in Yorkshire than the South, though.

But hasn't it altered a little since the days before serious climate change? You're going to get odd anomalies like 2009/10, when even here in balmy Devon, we went down to -15c, but most winters are nothing like as bad as they used to be. As a young person I used to worry about getting home from the girlfriend's because of black ice on the Mendips, or being trapped in town for daring to go to the cinema in January. That almost never happens now.

GDB2222

Neil49 said:

I think the impact of Covid and the dramatic increase in the level of working from home will have more influence on house price increases than HS2. A number of our friends have been working from home since March and they have been advised that it will continue for the foreseeable future. The lease of the building they work in is due to be renewed next year but they have been told that it won't happen and the intention is to move into a smaller building, already used by them, which will be their base but the majority of staff will do the majority of their work from home and only visit the office possibly once a week at the most. 

Employers are finding that, much to their surprise, employees can work very effectively from home. Let’s hope they don’t also discover that home doesn’t even need to be in this country, and they can find people with the right experience in low wage countries to work from home.

artyclarty

What everyone also forgets is that HS2 stops at Leeds. Just to get to that darn white elephant, I'd have to get an hour and a half train to get that far south! If I should ever find a reason to go to London, its much cheaper and quicker to fly!

parcival

GDB2222 said:

parcival said:

Many reasons why the 'North' will never catch up - supply and demand plus London is in the south. For me as a retired person in the south I would love to move to the countryside in Yorkshire or Cumbria but wet and cold have stopped that....

You have lumped Yorkshire and Cumbria together. Yorkshire is on the East coast and rainfall is quite modest, whereas it rains 24/7 in Cumbria.  

It’s colder in Yorkshire than the South, though.

I agree rainfall is more modest on the east coast but that biting winter east wind.......I was talking about the bigger picture.