Savills predicts narrowing of North-South house price divide

In a five-year projection starting 2019, Savills is predicting house price growth of 21.6% in the North West and 20% in Scotland and Wales, compared to only 4.5% in London, effectively narrowing the long-established geographical divide. Predicted slow growth in London is blamed on Brexit and post-financial crisis mortgage regulation and increasing interest rates combined with an over-inflated local market.