North-south property divide is widening
It seems that DIY house selling
may be easier in some parts of the country than others, as figures show that the north-south divide is widening in England and Wales.
Between 2007 and 2010, property sales in the south have fallen by 42 per cent, compared to 51 per cent in northern regions, Lloyds TSB has revealed.
However, 2009 and 2010 saw a modest rise in house sales, as they increased by six per cent over the 12-month period.
Greater London experienced a sales increase of 22 per cent, far ahead of Wales in second place, where seven per cent more properties were sold.
Suren Thiru, Lloyds TSB housing economist, said: "The current level of activity remains significantly below historic levels despite most regions seeing some increase in transactions in 2010."
The National Association of Estate Agents recently urged anyone considering joint ownership of a property to ensure they know what they are letting themselves in for before signing any documents.
- Property News from Lawpack: buying or selling your own house? Straight-forward advice on conveyancing.
Published on: April 4, 2011
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