Two distinct housing markets exist in England and Wales, according to the latest FT house price index, with a booming market in London contrasting with near stagnation elsewhere.
If this regional divide continues it could present problems for the Bank of England’s policymakers as they weigh the likely impact of interest rate movements.
In the third quarter of the year, London’s house prices rose at an annualised rate of 11%, while Wales, the region with the second fastest prices rise, recorded only an equivalent rise of 4.5%.
