Mixed performance of UK regional property markets since financial crisis

[Nicholas Wallwork]

Those who follow the UK regional property market will not be surprised to learn that the performance of these markets has been mixed to say the least. For some time now the London property market has been dragging the UK higher although a recent pause in this market will have a short to medium term

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[nmb]

This is not really a surprise when you bear in mind where the vast majority of economic activity occurs in the UK. As property prices increase in London and the South of England this should drag property prices in the Midlands and North higher due to perceived value for money.

 

[PostBrexitInvestor]

Does anybody really expect this to change in the long-term? Demand for property is directly related to employment opportunities and with the core of the UK economy located in London and the south of England, demand for property in these areas will always be strongest.

 

[realdeals]

I was watching question time this week and one of the panel members suggested that we will look back in 100 years time and see the UK exit from the EU as a minor change in our trade relationship with the single market. Do they have a point? Will it really have that much of a long term impact on property prices?