Chartered surveyors’ house price predictions were more optimistic in almost every area of the country in February, confirming that the UK property market is making a recovery.
The latest UK Housing Market Survey from the Royal Institution of Chartered Surveyors, a reliable barometer of the state of the market, showed that a net balance of 20% more surveyors predict sales to increase over the coming three months.
The survey also revealed that transaction levels continued to edge up, with the average amount of sales per surveyor branch moving up to 16, compared to 15.7 in January.
Adam Offer, managing director of leading south west estate agents, Besley Hill, said: “This is the first time since May 2010 that surveyors have not been predicting further price declines and confirms the experience of our branches that the market is picking up.
“In fact, some of our offices are now relying on new instructions to maintain their housing stock because of the sales they have achieved since the start of the year.
“But the RICS survey indicates that this will not be a problem because it shows 9% more surveyors reported instructions rose rather than fell and that new stock coming to the market has now risen for five successive months.”
I actually enjoyed reading through this posting.Many thanks.
ReplyDeleteProperty for Sale in Bristol
Everytime the market goes down, few months later experts or other people would say it will soon be back. But it never happens, rather The market only picks back up a little but then drastically fall again in the upcoming months. arizona real estate continuing education
ReplyDelete