House price growth in former ‘Red Wall’ regions outstrips London and the South East in a boost to Boris Johnson’s levelling-up agenda
House price growth in former ‘Red Wall’ regions is outstripping London
House price growth in former ‘Red Wall’ regions is outstripping London and the South East in a boost to Boris Johnson’s levelling-up agenda.
The price of homes in Yorkshire and the North West has grown almost twice as fast as in London since Johnson won the General Election in 2019.
A Mail on Sunday analysis of Nationwide Building Society data showed homes in Yorkshire and the Humber rose 17.8 per cent, with the North West of England up 16.8 per cent, ahead of 9.3 per cent in London and 16.7 per cent in the South East.
The average London home still costs £500,980, compared with £188,457 in Yorkshire and £191,326 in the North West.
Johnson plans to narrow the economic gap between North and South after winning a string of former Labour constituencies known as the ‘Red Wall’.