Rics: UK sales levels rise in October
8th Nov 2011
The number of UK properties being sold in October rose, along with demand, according to a new report by the Royal Institute of Chartered Surveyors (Rics).
During October, eight per cent more chartered surveyors reported newly-agreed property sales rising rather than falling, the latest Rics UK Housing Market survey shows.
This represents a rebound in activity following last month's dip, though represents the best reading since April 2010, with some surveyors attributed this increase to growing realism from many sellers, who appear to be more willing to take offers in order to secure a sale.
In total, completed sales also rose slightly, to an average of 15 per surveyor over the past three months.
The report noted that London continues to be the only region recording rising prices at the present time and is also the only area where the price expectation net balance is positive.
In contrast, new buyer enquiries and sales expectations appear to be edging upwards across rather more of the country, with demand for property strongest in the south-eats and north-west.
Commenting on the data, Rics housing spokesman Ian Perry, said it is encouraging that activity levels appear to have edged upwards over the past month.
"Indeed, chartered surveyors are generally upbeat about the near term prospects for transactions," he added.
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