Buyer enquiries back to 2004 levels says Rics

The survey released today suggests this is due to a boost in buyer interest fuelled by August’s interest rate cut. Completed property sales also rose for the second month running and have risen 7.5% from a low in February, says RICS. Jeremy Leaf, RICS housing market spokesman, says the sales indicate a return of confidence to the market. House prices continued to fall in August but at the slowest rate in a year. The number of chartered surveyors reporting price falls decreased from 36% in July to 26% in August. Leaf says: “Sales are up 7.5% since February, indicating a return of con...