The north-south divide was on display in a new survey showing house prices edging up in London and the home counties but stagnant or falling in Yorkshire and Wales.
The May figures recorded in a national survey for property analysts, Hometrack, showed an overall rise of 0.2% across the country, boosted by the capital hosting the Olympics which was up by 0.6%.
East Anglia and the south-east also saw small positive gains but in the Midlands they were unchanged, while prices actually fell 0.1% further north.The gloomy picture of stagnant prices, few transactions and a beleaguered housebuilding industry was reinforced by official figures showing the construction sector has contracted this year and purchases are at their second lowest level since mid-2011.
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