Regional Divide in Housing Recovery ; Prices Nudge Ahead but Only in South East

Summary

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HOUSE prices edged ahead by 0.2% during September as the market continued to recover - but there is growing ebidence of a north/ south divide, a new report claims.

The average home in England and Wales is now worth pounds 156,100, only 5.6% less than a year ago, according to property intelligence group Hometrack. But it said the price rises seen during the past two months were concentrated in only a small part of the market. Just 15% of postcode areas saw an increase during September, while prices remained unchanged in 84% of areas.

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Extract

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Regional Divide in Housing Recovery ; Prices Nudge Ahead but Only in South East

Richard Donnell, Hometrack's director of research, said: "Continuing a tre...

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