RICS – House sales hit two-and-a-half year high as confidence returns to the property market

for sale boardsSales of homes in the UK rose to their highest level in more than two and a half years, new figures today show, boosted by the market’s increasing stability in recent months. 

In the three months to February, chartered surveyors sold an average of 16.8 houses, according to the latest RICS housing market report.

Surveyors are carefully optimistic that the sales uplift will continue, with 8 per cent more respondents expecting transaction levels to continue growing instead of falling over the next quarter.

‘It’s encouraging to see that the housing market now appears to be picking-up across most parts of the UK despite on-going concerns about the health of the economy. This may, in part, be down to the growing availability of mortgage finance through schemes such as Funding for Lending,’ said Peter Bolton King, RICS Global Residential Director.

Chartered surveyors expect house prices in the UK to stabilise in the next quarter as confidence slowly returns to the market.

Source: Daily Mail



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