Sellers returning to the market: RICS


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...

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