>> Agree. NE is very different market. Properties are still very cheap there (compared to SE).
>> A large percentage of properties in NE are BTL type though.
Colleague of mine retires this week and is moving to a (former coal board) cottage near Bishop Auckland. IIRC they're paying under £50k but she said other places were being snaffled up for BTL.
>> Related news - lenders valuing house less than advertised price - may be due to
>> impending price fall.
>>
>> www.bbc.co.uk/news/business-44202542
Nothing new there, same thing happened to me in 1986 and again in 1991. Fortunately we had enough equity to bridge the gap.
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