U.K. Housing Slump Deepens

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The U.K. property sales and home prices are falling faster in the north than in the south, deepening the country’s regional divide, the Guardian reported.


Housing sales fell 42 percent over the last three years in the south,but a larger drop in the north of 51 percent, the newspaper said. Sales are 47 percent lower across the whole country since 2007, while London has bucked the trend, it said.

There is a north to south divide coming through clearly both with house prices and the sales,” Martin Ellis, Halifax housing economist, told the Guardian. "The north is suffering and the south is doing relatively well.”