SURVEY REVEALS THE PRESENT STATE OF THE HOUSING MARKET
- 13 Apr
The Royal Institution of Chartered Surveyors (Rics) has revealed details about the present state of the housing market.
The Rics survey shows the following:
- That stock levels are at a new record
- A stagnation in the number of people buying properties and the number of sales in March
- Prices in many parts of the UK continue to accelerate
- House prices is consistently falling in central London
- House price rises in the North West are "particularly strong"
- Surveyors across the country expect prices to rise over the next 12 months, but by a smaller majority than in February
Rics chief economist, Simon Rubinsohn, said:
"High-end sale properties in central London remain under pressure, while the wider residential market continues to be underpinned by a lack of stock.
"For the time being, it is hard to see any major impetus for change in the market, something also being reflected in the flat trend in transaction levels."
What do you think?
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For more details, visit the BBC.
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