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12/05/2009
Survey shows property indicators improving |
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A range of residential property market indicators are improving, a new report has suggested.
The Royal Institution of Chartered Surveyors (Rics) revealed that the balance of surveyors reporting a rise in sales over those reporting a fall improved in April, with another rise in buyer enquiries.
Although the majority still reported a fall in prices rather than a rise, the balance was the least negative since January 2008.
Rics noted that this balance improved "markedly" in London, with only nine per cent more surveyors seeing a fall in prices than a rise, something that may interest those considering seeing a solicitor before buying property in Ealing or Westminster.
Land Registry figures for March indicated that London enjoyed a 0.6 per cent house price increase, compared with a dip of 0.4 per cent across England and Wales as a whole.
The capital has also fared better than the rest of the country, with the last year seeing a 15.4 per cent dip in values, compared to a national figure of 16.2 per cent.
Written by Laurence Smith |
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