UK House Prices Up And Down
Written by JDPGlobal | Wednesday, 23 November 2005
The cost of homes between the south and the north has come down to the least it has been known to be. The ratio of 1:2(north: south) has come down to 1:1.58. The banks have noticed that the value of southern properties have gone down, other properties have shot up price wise.
The highest recorded of this sudden hike is a thirty six percent rise in the prices of Coatbridge in Strathclyde. Next in line is Port Talbot by 35%, Inverurie by 32% and Lochgelly in Fife by 31%. But the overall rate increase has been a low 10% over the past year.
The lowest recorded of this dip in prices is 6% in Hertfordshire. Other down fall percentages were an equal five percent in areas like Surrey, Somerset, Northamptonshire, Warwickshire and even Dorset. One view on the subject is that the price has risen for long enough in these areas to undergo such a sudden downfall. You cant expect prices to be on the rise all the time. The prices are bound to fluctuate.
