By Becky Barrow, Business Correspondent PUBLISHED: 19:39 EST, 2 October 2012 | UPDATED: 19:59 EST, 2 October 2012 A nationwide collapse in house prices has led to the widest ‘North-South’ divide since records began, research revealed yesterday. Prices have fallen in every region since the peak in 2007, with property values in Northern Ireland crashing by 53 per cent. But falls in the North have been far greater than in the South. House prices have plunged by up to 53 per cent since the peak in 2007, with the North, Wales and Northern Ireland dominating the worst hit areas
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House prices have fallen across the country but the North has been far worse affected than the South
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The gap between property prices in the North and South is now at its widest since records began in 1974
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Prices are down only 1.9 per cent in London, compared to 16.1 per cent in the North West, new research shows
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At present a home in the South costs an average of £231,245, while the average cost in the North is £135,340
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