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North South housing divide may be closing

The latest survey by the Royal Institution of Chartered Surveyors shows the first signs the North-South gap in house prices may be starting to close.


Over the last month there has been a sharp upturn in the property market in the North West and Yorkshire & Humberside, with further strengthening in the Midlands and Wales. Even the North East has seen modest price gains since the start of the year.


Some 73 per cent of RICS members reported rising house prices in February, with just 4 per cent witnessing falls. The net balance of 69 per cent is the highest RICS has seen since the last housing boom a decade ago.

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