Will the north properties prices catch up

AskAsk

i don't think property price in the north will catch up because there is less demand.
it is pretty cold and wet up there so i wouldn't want to move there, even if property price is cheaper.

lady1964

We bought in the north a year ago and then sold & bought in the south a few months ago. We paid slightly more for a 2 bed flat in the south than for the 4 bed detached we bought in the north. We moved north for various reasons including a slower pace of life. Yes it’s colder than the south and possibly wetter but they weren’t strong enough reasons to put us off. Personally we find it friendlier, much better value for money and more suited to the needs we have at this point in our lives. 

So, in my opinion, it’s not always about the north/south divide on house prices, it’s about what the individual wants/requires and their reasons for buying in either place. For what it’s though, in general I don’t think house prices in the north will catch up with the south although that said, if we take York as an example, prices there are high and certainly comparable to areas of the south (and I think I’d exclude London from that comparison).
we could afford to move back to London if we sold both properties but, we don’t want to and are very happy where we are.

coachman12

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.

I can't understand why there is much of a discussion on this thread. The answer is a simple "No---not in our lifetime, probably never : the south will always be more expensive ". 

Crashy_Time

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. 

Yep, last paragraph spells it out.
https://www.thisismoney.co.uk/money/news/article-8535085/230bn-commercial-property-crash-Treasury-watchdog-sounds-alarm.html

Crashy_Time

dimbo61 said:

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 

They won`t be increasing if there is a "liquidity crisis".
https://www.thetimes.co.uk/edition/ireland/central-bank-of-ireland-raises-red-flags-over-possible-crash-of-commercial-real-estate-xxhmwrz53

datlex

Of course it won't change- for those in the North already remember keep em believing that it is cold wet and miserable up north, absolutely no extra free time or disposable money and there's nothing to see scenery wise .... Certainly would avoid the Whitby train ;-)

AskAsk

coachman12 said:

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.

I can't understand why there is much of a discussion on this thread. The answer is a simple "No---not in our lifetime, probably never : the south will always be more expensive ". 

it would only ever happen if there was a nuclear war and the south of the UK got nuked and all the land got contaminated, so becomes unhabitable.  otherwise i can't see the change happening. 

or some sort of natural disaster that makes the south of the UK unhabitable.

MaryNB

datlex said:

Of course it won't change- for those in the North already remember keep em believing that it is cold wet and miserable up north, absolutely no extra free time or disposable money and there's nothing to see scenery wise .... Certainly would avoid the Whitby train ;-)

I lived up north for a year and a half. Definitely regret not making the most of the outdoors! 

Davesnave

AskAsk said:

coachman12 said:

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.

I can't understand why there is much of a discussion on this thread. The answer is a simple "No---not in our lifetime, probably never : the south will always be more expensive ". 

it would only ever happen if there was a nuclear war and the south of the UK got nuked and all the land got contaminated, so becomes unhabitable.  otherwise i can't see the change happening. 

or some sort of natural disaster that makes the south of the UK unhabitable.

It would only need a Fukushima type of event; perhaps a tsunami or something similar. Imagine all those waterside properties in, say, Sandbanks or Salcombe, becoming inundated.

But lets not be too gloomy. There are still some very pleasant and affordable places to live in the south and I'm sure there are many northern locations too where people would enjoy living, if only they knew about them and the benefits of being located there.

AskAsk

Davesnave said:

AskAsk said:

coachman12 said:

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.

I can't understand why there is much of a discussion on this thread. The answer is a simple "No---not in our lifetime, probably never : the south will always be more expensive ". 

it would only ever happen if there was a nuclear war and the south of the UK got nuked and all the land got contaminated, so becomes unhabitable.  otherwise i can't see the change happening. 

or some sort of natural disaster that makes the south of the UK unhabitable.

It would only need a Fukushima type of event; perhaps a tsunami or something similar. Imagine all those waterside properties in, say, Sandbanks or Salcombe, becoming inundated.

But lets not be too gloomy. There are still some very pleasant and affordable places to live in the south and I'm sure there are many northern locations too where people would enjoy living, if only they knew about them and the benefits of being located there.

london is vulnerable to terrorist attack.  so if they ever managed to let off a nuke bomb in london, that could make london unhabitable.  there are lots of places in the south that are very cheap.  not all areas are expensive.