View more on these topics

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.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

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…

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com