The Northern PowerHouse

[AtW]

The North of England's property market was the worst-performing region in Britain for house price growth in the three months to September, with prices falling by 1.7pc, according to data from Nationwide.

A surge in the supply of new homes in the North is to blame, said Jonathan Hopper of buying agent Garrington. "Housebuilders were slow to start building again in the North, but new homes are finally coming on stream now. That jump in supply has depressed prices," he said.

Nationally, annual house price growth steadied at 2pc, with monthly prices up 0.3pc during September, taking the average property price to £214,922.

Property market in the North falters as new homes depress prices

Safe as house prices!

[LondonManc]

The problem is that prices soon drop near these areas of new builds because they don't build the infrastructure to go with them - okay, you might get a Tesco Express popping up, but where are the schools, clinics, police stations, etc.?

[scooterscot]

The problem is that prices soon drop near these areas of new builds because they don't build the infrastructure to go with them - okay, you might get a Tesco Express popping up, but where are the schools, clinics, police stations, etc.?

...the prisons, food banks,

did you know the Lancashire is one of the most poverty stricken areas in the whole of the UK. Coming from Glasgow, that's saying something.

credit has left children so undernourished schools are offering free breakfasts

makes me sad

[vetran]

The problem is that prices soon drop near these areas of new builds because they don't build the infrastructure to go with them - okay, you might get a Tesco Express popping up, but where are the schools, clinics, police stations, etc.?

You mean we have to build infrastructure ??

I thought we just opened the floodgates then gave all the tax money to bankers!