HOUSE PRICES are still recovering from the financial crisis in some areas of the country. There are 17 major towns in the UK where the average value of property has yet to reach pre-crisis levels.
House prices in towns such as Liverpool and Blackpool are still 10 per cent below what average house prices were in 2007.
In fact, the North is the worst affected part of the UK in terms of house price recovery after the economic crash.
Hundreds of thousands of UK homeowners who bought property before the crash – at the top of the market – are still stuck in negative equity 10 years on.
That is, according to research from online estate agents HouseSimple.com.