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11/05/2010
'Spring Bounce' For Property Market
Britain's housing market enjoyed a 'spring bounce' in April, according to research by the Royal Institute of Chartered Surveyors (RICS).
The research showed both property prices and sales levels were rising last month.
Approximately 17% of surveyors reported a rise in April, up from 9% in March.
RICS spokesman Jeremy Leaf said: "For much of 2010, the housing market has been under the shadow of the General Election, with the gap between supply and demand growing wider as potential house buyers opted to stand on the sidelines awaiting the outcome of the poll.
"However, the start of spring has seen renewed optimism with the good weather improving sentiment and surveyors expecting an increase in both sales and house prices."
(CD/GK)
The research showed both property prices and sales levels were rising last month.
Approximately 17% of surveyors reported a rise in April, up from 9% in March.
RICS spokesman Jeremy Leaf said: "For much of 2010, the housing market has been under the shadow of the General Election, with the gap between supply and demand growing wider as potential house buyers opted to stand on the sidelines awaiting the outcome of the poll.
"However, the start of spring has seen renewed optimism with the good weather improving sentiment and surveyors expecting an increase in both sales and house prices."
(CD/GK)
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House Sales At 30 Year Low
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Estate agents are selling one property a week as the housing market continues to slump. A survey from the Royal Institution of Chartered Surveyors (Rics) showed the number of houses being sold across the UK during the three months to the end of September was the lowest since the survey began in 1978 and 52% lower than the same period last year.
16 March 2006
Housing market recovery 'gathers pace'
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Housing market recovery 'gathers pace'
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Survey says property rents hit two-year high
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12 June 2012
Rics Reveal House Sales Down 40%
House sales have plummeted by almost 40% since the peak of the boom five years ago, according the Royal Institution of Chartered Surveyors (Rics). Rics have blamed the “stagnant” market of the reluctance of many banks to offer people affordable mortgages. However they added that they expect sales to pick up over the summer.
Rics Reveal House Sales Down 40%
House sales have plummeted by almost 40% since the peak of the boom five years ago, according the Royal Institution of Chartered Surveyors (Rics). Rics have blamed the “stagnant” market of the reluctance of many banks to offer people affordable mortgages. However they added that they expect sales to pick up over the summer.
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