Housing and the North-south divide
Healey, N.
Housing and the North-south divide - 1987 - Housing Review 36(6) November-December 1987, 189-190(2) .
The disparity in house prices between the North and South of England is a major contributory factor in the immobility of labour, as those in the north cannot afford to move south and still own property and those in the south are unwilling to invest in northern property as its value is accumulating at a slower rate. The author sees a possible solution in financial intermediaries establishing a housing investment fund to either acquire part of the equity of a house bought by a northerner in the south, returns being generated by a share of the capital gains realised or to hold high-interest deposits from southerners moving north.
Housing and the North-south divide - 1987 - Housing Review 36(6) November-December 1987, 189-190(2) .
The disparity in house prices between the North and South of England is a major contributory factor in the immobility of labour, as those in the north cannot afford to move south and still own property and those in the south are unwilling to invest in northern property as its value is accumulating at a slower rate. The author sees a possible solution in financial intermediaries establishing a housing investment fund to either acquire part of the equity of a house bought by a northerner in the south, returns being generated by a share of the capital gains realised or to hold high-interest deposits from southerners moving north.