Private wealth property investment better in south?

Private wealth property investment may be more attractive in the south of Britain, as one housing expert claims a "significant gap" is going to open up between the two halves of the country.

Savills director Lucian Cook reveals the UK is moving into a cycle whereby property in the lower part of the country is likely to appreciate more rapidly than northern counterparts, indicating private wealth returns may be larger in the former region.

The market expert suggests London, the surrounding areas and the south-west will "outperform" thanks to a faster pace of economic recovery lifting real estate values.

Similarly, higher equity levels in such areas means difficult mortgage conditions are less likely to weigh on the market, while public spending cuts are more likely to affect the north than the south due to the area's high levels of public sector employment.

Zoopla.co.uk revealed yesterday (September 29th) the average cost of a home in London is £413,350, compared £124,921 in North Lincolnshire.  ADNFCR-2318-ID-800088615-ADNFCR