Sellers returning to the market: RICS

clock

Sellers are returning to the housing market but buyer interest is slowing, according to the latest Royal Institution of Chartered Surveyors (RICS) UK housing market survey.

The latest research showed a net balance of 15% of surveyors reported that new instructions had increased in October, compared to 5% in September. All regions reported a rise in instructions for the first time since the onset of the credit crunch with the North, the South West and London leading the way. Transaction levels continued to rise with the average sale per surveyor reaching 19 over the past three months. As a result, sales to stock ratio - a lead indicator of future prices - climbed. It has now risen for ten consecutive months and stands at 30. The net balance of chartered s...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Products

Santander cuts adviser fees for longer-term mortgages

Mortgage lender Santander extends quality fee assessment

clock 07 January 2014 •

RBS Intermediary Partners relaunches on Monday

RBS Intermediary Partners is to return to the mortgage market on Monday, the group has announced.

clock 26 November 2013 •

Paragon pulls fixed-rate buy-to-let range

Paragon Mortgages pull fixed-rate buy-to-let range because of volatile swap rates

clock 26 June 2013 •