North-south housing divide jumps

The UK’s housing market is now worth just over half its value during the 2007 boom, and the gap between the north and south of the country has widened, research by property agent Savills shows. The active market in London and the south east made up a whopping 47 per cent of all transactions in England and Wales by value in the year to the end of September, compared to around 40 per cent at the peak of the market. Prime London property is making the strongest recovery, according to the research.