House prices on the rise after 15 months in doldrums

It latest Housing Market Survey claims the three months to November saw 4% more chartered surveyors reporting rises in prices than falls compared to October’s figures which showed a balance of 8% reporting falls. The Rics says buyer enquiries have consistently risen over the past six months and the market slowdown appears to have come to an end. It also says relatively low interest rates and a healthy job climate have helped avoid the housing crashes that followed previous slowdowns in the 1970s and 1990s. Meanwhile surveyor confidence is at its highest in 18 months and property sales f...