The Southern Rail has been causing problems lately. From the union strike and now there is a connection between this corridor and lowered home prices. The prices rose about 0.75 over the quarter in comparison to 2.4% in the rest of the UK. That pairs with the yearly change of 2.17% in comparison to 3.9% in the rest of the UK. The connection is unclear on even why this corridor is so much lower than the rest of the country.
Key Takeaways:
- The Southern Rail corridor is seeing lower growth than the rest of the country.
- For last quarter they saw a 0.75% growth in comparison to 2.4% countrywide.
- Over the year, the corridor gained by 2.17% in comparison to 3.4% countrywide.
“While house price growth on Brexit and the aftermath of the General Election, but the ongoing industrial action clearly had a negative impact on local property prices.”