Interest picking up from house buyers, says hopeful RICS
Buyer interest grew across the UK last month, says the latest RICS housing market survey.
It says inquiries from prospective buyers rose in most parts of the UK during November, although demand is still at an historic low.
The number of homes coming up for sale remained fairly flat. The RICS said there has been very little movement in terms of new instructions for over two years, contributing to the current ‘anaemic’ state of the market.
Modest drops were seen in most areas, with London the only part of the country where prices increased.
However, chartered surveyors appeared to be optimistic about increasing levels of activity in the coming months, although expecting prices to stay flat.
Peter Bolton King, RICS global residential director, said: “There is certainly some optimism creeping back into the housing market, and it is encouraging to see an increase in potential buyers across parts of the country where the market has particularly suffered in recent years. That said, there is still a long way to go.
“The macro economic picture continues to weigh heavy on the market and continues to prevent any really significant boost in activity.”