Difference between buy to let house values between north and south 'reduced'

06 August 2010

Written by Steve Olejnik

The north-south divide between buy to let property values has decreased over the last ten years, one organisation has said.

Research from Halifax found that house prices in the UK jumped by more than £2,000 billion between 1999 and 2009.

In the north, they increased by as much as 132 per cent while a 109 per cent rise was seen in the south, reducing the traditional difference in the value of property between the regions.

However, it was Northern Ireland that saw the value of homes leap the most, soaring 198 per cent higher in 2009 compared with ten years previously, the survey showed.

One of the next best performances was seen in Scotland and, indeed, the Bank of Scotland recently announced that there had been a 145 per cent increase in the worth of property over the last decade.

Overall, house prices soared by £33,000 per head in the UK between 1999 and 2009, Halifax's study revealed.

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