North South divide in property price?
Good day to you, I wish to buy property. I have been offered jobs in Durham, East Kilbride, Sawbridgeworth & Swavesy(near Cambridge). The property prices in Durham & East Kilbride are less than half of the price of the two southern places. Please can you explain the reason for this? The Banking & finance industry which upheld the South East for years has now collapsed, leaving no large business sector in the south east, and certainly, no manufacturing industry. The south only has various service industries left, which are more consumers of wealth than makers of it. Why is the South so highly priced for property? The South East is overcrowded, the roads are often unpleasantly gridlocked, and the south eastern scenery is no better then the north of UK. So, is the south east of UK due a huge property price correction?
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