Housing and the North-south divide
Language: English Series: Housing Review ; 36(6) November-December 1987, 189-190(2)Publication details: 1987Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS38582 (Browse shelf(Opens below)) | 1 | Available | 11355-1001 |
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.