North-south housing divide grows



The property market showed signs of improving last month but prospects for house prices in the south of the country appear far stronger than in northern regions.


The number of surveyors reporting house price falls dropped for the fourth consecutive month to a balance of 26% – the lowest level since July last year, according to the Royal Institution of Chartered Surveyors (RICS).


But 12% of respondents said house prices actually rose in February, while more than half said they were unchanged. Even among surveyors who did see price falls, the majority said they were in the 0% to 2% range.


The number of new buyers entering the market also stabilised after falling during the second half of last year, new instructions edged up, and the number of sales agreed was unchanged, after falling during the previous four months.


===> More Info Here


Overall, the average chartered surveyor estate agent branch sold 14.8 properties during the three months to the end of February.