In the 10 areas with the highest levels of economic activity the house prices are 61% higher than the average house prices in the 10 areas with the lowest levels of activity. Suren Thiru, housing economist at Halifax, said: "not surprisingly, over the past ten years the house price has grown stronger in areas that have seen the greatest increase in economic activity. In the past three years, seven of the 10 local areas with the smallest falls in the activity have been seen in the south of England, but all 10 areas that recorded the biggest falls in economic activity are in the northern regions of the United Kingdom.
My opinion:
When I read this I thought it was remarkable that house prices are increasing in certain areas as we are still in an economical crisis. However, when I read the article I think that there are still some businesses who are making money out of the crisis.
The only thing that I don’t really understand is why it is possible that the areas with the biggest falls in economic activity are all in the northern regions of the UK. I know that a great deal of the UK economy is based over there, but couldn’t that be a reason to have the smallest fall in economic activity?
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