The UK's two-tier housing market
This content is archived.
The UK housing market remains weak. But with the UK economy on the edge of another recession, the surprise is that the housing market has not fallen more. And central London is booming.
From 2009 to 2012, London house prices rose by 8%, based on figures from Halifax. It was followed by South East (5%), East Angalia (4%), South West (2%) and East Midlands (1%). On the other hand, Northern Scotland registered the biggest drop of 28% over the same period. Other regions which saw house price falls include Scotland (-10%), North West (-5%), North (-4%), Yorkshire and the Humber (-3%), Wales (-1%), and West Midlands (-1%).
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