North-south split over home sup­ply

Yorkshire Post - Property - - PROPERTY -

THERE’S a North-South di­vide in prop­erty sup­ply, ac­cord­ing to Home.co.uk.

The av­er­age vol­ume of ven­dors en­ter­ing the mar­ket is less than half of what it was dur­ing the prop­erty boom year of 2007. In Lon­don, sup­ply is down 19 per cent over the past year and prices are up 10.5 per cent.

How­ever, in the North East, sup­ply is up 16 per cent. The North West has seen a 6.4 per cent rise and York­shire has had a rise of six per cent. Doug Shep­hard, di­rec­tor at Home.co.uk, says: “Th­ese re­gional sup­ply dy­nam­ics sug­gest that the bipo­lar na­ture of the UK prop­erty mar­ket is only go­ing to get worse. Starved of new and re­sale stock, pric­ing in the Lon­don looks set to go bal­lis­tic.”

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