Rics publishes latest housing survey

News Category: Industry News

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The Royal Institution of Chartered Surveyors (Rics) has revealed that new buyer enquiries increased in April.

Its monthly Housing Market Survey indicated that these property queries were at their highest level for almost ten years.

Another finding that may interest landlords looking to add or remove properties from their portfolios in the coming months was that 70 per cent more chartered surveyors indicated there was a rise, rather than a fall, in new buyer enquiries in April.

Overall, sales were reportedly up during the month, but transactions still remain at relatively low levels despite Halifax saying that housing is currently at its most affordable level for over six years.

Rics spokesperson Jeremy Leaf suggested there have been "tentative signs" that the property market is picking up, but admitted that transactions do "remain at very low levels".

"Transaction levels could benefit from an increase in supply but falling prices and low interest rates are discouraging sellers as is the latest change in [home information pack] legislation," he added

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