North-South shift? House prices in the North East surge while London stalls

House prices - A small house made from gold on top of other gold bars
House price increases differed by 6.8% between London and the North East last year (Image credit: Getty Images)

House prices are continuing their upward trend, but a clear geographical divide is emerging.

ONS data shows that while the North East has seen the highest house price growth in England at 9.1%, London lags behind with just 2.3% growth in the last year.

Darrell Walker headshot
Darrell Walker

Darrell is an award-winning senior banking and financial services leader with a strong track record in achieving commercial goals. Experienced in stakeholder management, team leadership and relationship building, with expertise gained from branch banking to senior leadership roles.

Tim Parkes headshot
Tim Parkes

Tim has over 30 years of experience in fund management, banking, and financial services, including senior roles at a FTSE-listed bank and a decade in offshore fund management. He spent 17 years at Barclays, serving as Managing Director of its international banking division and leading major transformations in mortgages, banking, and payments.

Joseph Mullane
News Editor

News Editor Joseph has previously written for Today’s Media and Chambers & Partners, focusing on news for conveyancers and industry professionals.  Joseph has just started his own self build project, building his own home on his family’s farm with planning permission for a timber frame, three-bedroom house in a one-acre field. The foundation work has already begun and he hopes to have the home built in the next year. Prior to this he renovated his family's home as well as doing several DIY projects, including installing a shower, building sheds, and livestock fences and shelters for the farm’s animals. Outside of homebuilding, Joseph loves rugby and has written for Rugby World, the world’s largest rugby magazine.