North-south divide widening

The north-south divide in the housing market will worsen this year according to house builder Bellway. The third largest house builder in the country said that its business in the south of England had become ‘marginally stronger’ with prices beginning to stabilise and predicted that by the year end its turnover in the south would be ‘much higher’ than the north. The northern market, particularly the Midlands, Yorkshire and north west England would remain fragile and the market in general would slow down over the summer.