Penny, who writes the wonderful rentergirl blog, asked me to post a few regional house price charts. Here is the first of what I hope will be a series. Today, we are looking at flat prices in the North West of England, which includes Penny's home town of Manchester.
According to the data, average flat prices in the region peaked in the first quarter of 2007 at ₤111,000. Since then prices have fallen by about 19 percent. The latest data puts the average price at about ₤89,000.
As Penny's blog illustrates, the North West is the epicentre of the UK's buy-to-let inner city two bedroom new build speculative bubble. It will also be the epicentre of its crash.
I just wish Penny would post more often.
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