Sunny Belfast Hi 24 °C | Lo 11°C

North-south property divide widens

Wednesday, 1 June 2011

The north-south divide in house prices is widening, according to new figures

The north-south divide in house prices is widening, according to new figures

The north-south divide in house prices is widening, according to new figures.

Britain's Property Rich List 2011, released by property website Zoopla.co.uk, shows that, although house prices in some of the country's most expensive areas have fallen a little over the past year, they have held up better than less expensive areas.

And while Kensington in London emerges as the most expensive place to live, most of us can only dream of living there.

With average house prices close to £1.75 million, the average UK homeowner would only be able to afford 173 sq ft in the exclusive area, according to Zoopla, which provides free online value estimates for every home in the UK.

According to the figures, the highest value areas to live are mainly in London and Surrey, with average prices ranging from £680,611 to £1,737,862.

In contrast, the lowest value areas seem to be in the North - the lowest in Middlesbrough, with others in the top 20 including Grimsby, Sheffield, Liverpool, Hull, Doncaster and Bradford, with prices ranging from £41,601 to £78,579.

Nick Leeming, business development director at Zoopla.co.uk, said: "Despite the recent property market uncertainty, Brits remain obsessed with the value of their home as well as those of their neighbours, friends and family.

"This year's Property Rich List shows an ever-widening North-South divide and, whilst house prices in some of the most expensive areas of the country have fallen a little over the past 12 months, they have held up far better than in many of the less expensive areas."

According to the list, Britain is now home to 220,131 property millionaires, down from 223,119 this time last year.

And there are now 5,922 streets where average house prices are more than £1 million. London tops the list with the most "million pound streets" with 2,290, followed by Surrey commuter hotspot Guildford with 89 and Cobham, also in Surrey, third with 78.

Amanda Knox is voted one of the world's sexiest women

Amanda Knox

Kim Kardashian shines at Cannes

Cannes

Mummy porn: Does it hit the spot?

Mummy porn

Horst Faas: Pics that changed history

Horst Faas

FHM's Sexiest Women 2012

Tulisa FHM's Sexiest Women 2012

NiteLife: The Roost, Granny's, Bert's

Had a big night out? Click here to send your pics

Old School Pics: Alex Higgins

Old School

To launch gallery click image or select school below

Methodist College, Campbell College, Grosvenor,
Bangor Grammar, Dunlambert, St Augustine's,
St Dominic's, Royal Academy, Ballymena Academy

In Pictures: Rio Carnival 2012

In Pictures: Rio Carnival 2012

Gallery: Awesome images of Titanic

Gallery: Awesome images of Titanic

In Pictures: The Oscars 2012

In Pictures: The Oscars 2012

In Pictures: Frank Carson's best jokes

In Pictures: Frank Carson's best jokes

In Pictures: Lingerie Super Bowl 2012

In Pictures: Lingerie Super Bowl 2012

The World's 10 Top Bikini Bodies

The World's 12 top Bikini Bodies

The World's 10 Sexiest Women

The World's 10 Sexiest Women

Reader Pics: Ulster Beauty Spots

beauty spot

Click here to launch Beauty Spots gallery

View one of our other popular Readers' Galleries

Winter Pictures One Summer's Day

Posters from the Troubles era

Posters from the Troubles era

The Troubles: Northern Ireland's First Minister and Deputy First Minister

You know you're from Belfast when . .

In Pictures: You know you're from Belfast when...

Belfast-isms: 'Yous should click here - it's class like'

Belfast Telegraph Quizzes

Exams

Just Born: Readers' Baby Pictures

Just Born: Readers' Baby Pictures

To send Us Your Baby snaps just Click here

Just Wed: Readers' Wedding Pictures

Just Born: Readers' Wedding Pictures

To send Us Your Wedding snaps just Click here

Latest Comments

Belfast Telegraph Home Delivery