Chartered surveyors across the country reported an increase in the number of newly-agreed sales. Transaction level reported in the survey have now increased for four consecutive months.The survey also reports that prices remained broadly stable during the first month of the year meaning that prices have remained fairly consistent from December. The survey then makes a brave statement that along with other signs, this suggests that the very worst may be over for the market.
Demand from would-be purchasers has dipped slightly since the start of the New Year, with a net balance of 9% of surveyors suggesting that new buyer enquiries fell during January. This was accompanied by a slight fall in the number of homes being placed in the market with many surveyors suggesting that poor weather may have contributed.
Across the UK, prices remained in positive territory in London and the South East while also moving into positive territory in Wales for the first time since the early part of 2010.
Chartered surveyors are optimistic that the price stability seen in recent months will persist over the coming three months and they anticipate prices beginning to move a little higher as the year wears on. Meanwhile, future transaction levels are expected to remain on an upward trajectory.
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