Surveyors Say Housing Market On Way Back Up

The Royal Institution Of Chartered Surveyors (RICS) has reported an increase in housing market activity.

Surveyors are expecting sales to rise across the whole of the UK over the next year and saw a rise in property valuations in January more than January last year.

There is still a low number of available properties on the market this is due to a long period of falling levels. 

The national price net balance went up +17% last month, which means 17% more surveyors reported an increase that is the first time the net balance has been positive since July 2018.

Surveyors reported growth in London and the South East where prices had risen for the first time in a few years.

In the first 3 months of January the demand for rental properties rose with a net balance of +24%, but landlord instructions dropped for the 15^th Quarter and rents are expected to rise in the next 3 months.