North West Leads UK Property Investment Revival.
Property sales in towns in the North West and the North East have increased significantly over the first six months of 2011 according to new research from the Halifax, (a division of Bank of Scotland).
The North West is home to 3 of the top 4 areas that have witnessed the largest rises in residential property purchases in 2011. The North East Town of Houghton-Le-Spring is the other area to emerge as a leading property hotspot, growing in popularity with property investors.
The Top Property Areas So Far In 2011 are:
- Leigh, Lancashire
- Rugeley, Staffordshire
- Houghton Le Spring, Co Durham
- Bury, Lancashire
Bury in Lancashire has experienced a 44% jump in property sales so far in 2011 and is currently the top residential dwelling sales hotspot in the UK.
Suren Thiru, Senior Housing Economist at Halifax, said: “Many of the top performing towns are in the North, reflecting a reversal of 2010 when the housing market in Southern England outperformed the North. A number of locations in England and Wales have seen marked rises in property sales of late, the housing market in these areas has been helped by favourable levels of affordability”.
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