Housing Market Influenced by North/South Divide
There has long been a divide in housing trends between the North and South. This divide shows the difference in the housing market in Britain.
The South takes generally 6 weeks to sell due to high demand and property shortage. The North generally takes around 3 months to sell, according to research.
Research showed that properties in London and the South West take on average 5.8 and 8.9 weeks to sell. In the North East and the North West it takes an average of 10.3 to 11 weeks.
Although demand in the South is high, the best property investment deals can be found in the North due to people wanting so sell quicker for a lower price.