THE NORTH-WEST is leading the property bounce-back as evidence emerges that the housing market is seeing a revival, according to the latest survey from Hometrack.
Only six counties reported price falls in the August survey, down from 17 reporting falls last month.
Overall, the national housing market was flat for the third month in a row, with the average house price unchanged at pounds 135,200, but that has followed two months of small falls earlier in the year in March and April. Steady or falling prices in the South of England are keeping the national picture down but even here there are "now clearly signs of stability".
Certain regions in the North are picking up, with Cumbria, Merseyside and Mid-Wales leading the way. House prices in these regions all grew 0.4 per cent this month.
John Wriglesworth, Hometrack's housing economist, said: "While UK house prices remain flat as a whole, this hides a turning tide within the regions. Falls in the southern counties are diminishing, while the northern counties are showing clearer signs of revival. While price recovery is patchy, housing transaction increases are more uniform."
Prices in Merseyside are enjoying a boost thanks to strong …