The gap between the asking and selling price for property is narrowing in Devon, according to a local estate agent.
The Royal Institution of Chartered Surveyors predicts that house prices will go up by seven per cent in the south west in 2014 and by two per cent when it comes to rental properties.
Estate agents say lending criteria is now being relaxed by the banks, but they don't think that will lead to another housing bubble.
Lifeboat washes up at Sidmouth
No one on board
Torbay hotels tested on child exploitation checks
One in eight pass
Rare wolf pups born at Devon Zoo
New arrivals boost visitors
“Disappointment” over North Devon funding settlement
There could be up to a five per cent drop in core spending power
Controversial Exeter road consultation to begin in the New Year
Drivers ‘rat-run’ through hospital to dodge Exeter road closure
Family homes to replace former Plymouth language school
Targets for housing takes priority over other planning concerns
