London property values soar by 32%

(Last Updated On: June 30, 2015)

London & red busProperty prices in London have risen by 32% whilst northern towns have slumped by 23% say figures released by the office for National Statistics last week. Prices in West London have risen by as much as 550% since 1995 whereas Bradford West in the north has only risen by 116% in the same period, creating large differences between the north and south of the UK.

Although Bradford West suffered the worst drop in the country, Blaydon in the North East has also seen homes fall by 5%, as has Rotherham in South Yorkshire.

North Durham MP Kevan Jones blames the current Government saying: ‘These figures highlight the development of a two-speed Britain under the Tories, with a booming South and a stagnating North’.

Only time will tell if this pattern is set to continue.

You can still sell your house fast in London or anywhere else. We buy houses in varied condition and recommend you get in touch with our experts today to find out how much you could get now.

Written by: The Team | On: June 26, 2015

© 2019 is a trading style of Pixel Media Ltd, 50-54 Chapel Road, Worthing, West Sussex BN11 1BE.

Registered in England and Wales - company number 05292241. Address Bishopstone, 36 Crescent Road, Worthing, West Sussex, England BN11 1RL.