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Surveyors report surge in house sales

The average number of houses being sold per chartered surveyor is at its highest since Feburary 2008 despite a continuing fall in the number of properties coming onto the market, according to the Royal Institution of Chartered Surveyors.

In the latest quarterly residential market survey carried out by RICS, 26 per cent of surveyors reported an increase in agreed sales. On average each surveyor was involved in 23 successful sales.

However, the survey also found that the number of properties coming onto the market has fallen for the fourth month in a row.

Coming just days after former Chancellor Lord Lawson called on the Government to lower the Help to Buy cap to effectively exclude London from the scheme, RICS says “there does now appear to be a broadening out of the recovery away from the capital”.

Almost two-thirds of chartered surveyors in the North West and 57 per cent of surveyors in East Anglia said they expect prices to continue to rise. In London less than half said they expect to see continuing price rises, down from 61 per cent in March.


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There are 2 comments at the moment, we would love to hear your opinion too.

  1. All the time the Treasury lets investors who take out BTL mortgages to get away with over £9billion in subsidies from the taxpayers it is no wonder house sales and house prices are rising dramatically. Once this subsidy on BTL mortgages is removed or reduced then the “help to buy” programme can be cut back. However Lord Lawson has got the “cart before the horse”!

  2. It might not seem important to those who don’t care about professionalism but sloppy reporting makes one suspicious of other journalistic standards. Quite simply it is NOT the Royal Institute of Chartered Surveyors. It’s the Royal Institution of Chartered Surveyors. Even most of the tabloids get it right these days.
    Get a grip…

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