8 Mar

Regional variation impacts houses for sale in UK.

Regional variation impacts houses for sale in UK.

The demand for property for sale in the UK and the number of people looking to buy houses for sale in 2011 varies according to region, according to the Royal Institution of Chartered Surveyors (Rics).

Demand for houses for sale in London, the South West, Yorkshire and Humberside and Scotland could be on the rise, with newly agreed sales highest in those regions.

Rics' Feburary housing market survey has also revealed a rise in new buyer enquiries in Scotland, London and the North East.

Overall, estate agents could be in for a busy few months, as Rics surveyors predict a rise in housing market activity.

Jeremy Leaf, RICS housing spokesperson, said: "Broad trends in the survey indicate an increasing variation in the housing market across the UK."

The impact of the public spending cuts may lead to further variations in regional property markets, he added.

Scotlands boost in sales could be a result of increased affordability for people buying houses for sale in the region.

The average Scot borrowed 2.75 times their earnings in 2010 to buy houses for sale in Scotland, compared with 3.03 for the UK as a whole, according to the Council of Mortgage Lenders Scotland.
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