It’s not an original point to make that houses are more expensive in the south of the country. But a new map showing the scale of the north-south divide in property wealth has revealed just how stark it is.
New research by online estate agency eMoov shows how housing wealth is concentrated in the counties in the south of the UK, where average house prices are above £200,000. The average UK house price is £217,888.
The dividing line starts in Bristol in the west, running up the border with Wales through Herefordshire and Shropshire, before snaking through Worcestershire below the West Midlands by Leicestershire and Rutland, to Norfolk.
In the purple area, which encompasses counties in Wales, Scotland and the north of England, average house prices are below £200,000.
There are just two outliers to this rule: Edinburgh and East Lothian in Scotland, where house prices are an average of £231,103 and £205,188 respectively.
While this map is stark, the housing market in some areas of the north of the country are actually more healthy than further south.
According to Hometrack, the highest levels of house price growth in the UK have been cities in the north of England, such as Glasgow, Manchester, Liverpool and Leeds which have been outpacing those in the south of the country.
The growth of house prices in cities in the south of the country, including London, Oxford and Cambridge, has slowed because they have reached an affordability threshold. A home in the capital is now 14.2 times average income.
Russell Quirk, chief executive of eMoov, said: “It is widely considered that the North is playing catch-up with the South where the divide is concerned and of course, there is good reason property may command a higher price in particular areas of the UK.
“However, for many struggling to get that first foot on the ladder, this research highlights the additional hurdles facing those south of the line and in this instance, why the North is a much more attractive proposition.”