While the market is generally stable, a clear North-South divide has emerged when it comes to price performance, and according to the report, this has continued into April. Southern England has been experiencing small price dips, while the rest of the UK including northern regions and Scotland, have recorded modest increases.
Zoopla points out that this difference is clearly observed when comparing individual cities. For example, Ipswich has seen the largest price dip of -3%, while Belfast has seen the highest increase of 3%. The ranking shows mostly northern cities such as Manchester, Newcastle, and Liverpool in positive growth territory, while the list of cities experiencing negative growth is dominated by southern cities like Brighton, London, and Bristol.
Zoopla also predicts that this difference will persist throughout the year, as house prices realign and the greatest adjustments will be seen in London and other southern regions.
Further Reading: Learn more about buy-to-let hotspots with our guides covering topics such as investment properties in Manchester and flats for sale in Liverpool.
