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  • Property-a-holics

    The new North South (housebuilding) divide



    The North/South divide in a property and housing market sense has typically be based on the following factors:

    • House prices, which are higher in the south, particularly the South-East.
    • Earnings, which are higher in the south and east.
    • Government spending per person on drivers of growth such as transport, infrastructure and R&D, which is far higher in the South-East.

    It's therefore interesting to see that a new north/south divide might be appearing, and that is in terms of housebuilding.

    UK private house building starts in 2018 compared with a year earlier by region according to the NHBC. Continued trend of sharp falls in London house building with growth in the North West & Yorkshire & Humber.



    The sharper fall in starts to completions in London suggests further sharp falls in London house building this year.

    The North has always had more development opportunities due to lots of industrial areas and buildings like old mills which can be turned into accommodation.  However, the south east is far more densely populated and has significantly less landlord to develop.

    This data suggests to me that prices in London and the South East will remain robust.

    What do you take-away from this data?

    Here is a round-up of previous discussions on this topic:

    The North/South divide - property perspective

    The North vs. South "yield" divide

    The North South Yield Divide?

    North-South divide in mortgage risk, says academic

    Housing bubble in the UK (& the North-South Divide)

    North South Divide (a diagonal actually)

    The Naughty North & The Sexy South

    SEE ALSO  -          9 irrefutable reasons why property is still a viable investment + Landlord Survival

    UP NEXT -              South East set for property boom!

    DON'T MISS -         Government policy > exacerbate housing crisis

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    Very interesting read, I agree that London and the South East will remain robust.

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