Just Do Property



« | »

RICS Survey shows continued upward trend

The RICS House Price Balance Survey for March shows a continual upwards trend towards a stabilisation in house prices, with the net price balance for March up from -13 to -10.

This means that 10% more surveyors saw a fall in house prices as opposed to an increase in house prices during March. Although overall in England ad Wales this means negative pressure still, the picture is better than last month and has been improving for a number of months. Indeed of those surveyors that reported a fall in prices, 79% saw so within the 0-2% bracket.

The RICS surveyor attributes this to a number of factors:

Regionally London is still the only area which is reporting a positive net price balance with approximately 45% of surveyors reporting a rise rather than a fall. East Midland, South West and West Midlands are the worst performers with -25% to -30% net price balance.

Activity Figures

Both the newly agreed sales and new buyer enquires are also reporting an modest improvements. New Vendor instructions remained relative unchanged over the month of March.

Newly agreed sales in England and Wales was more widely positive than the net price balance, with half of the regions reporting a positive net balance and half a negative.

New buyer enquiries was more positive with only 3 regions reporting a negtaive net balance – the North being nearly 3 times more negative that the next worst region of East Anglia.

Alec Hanson



Related posts:

My house is yours
Sarah Beeny, from Property Ladder and Tepilo, takes a look at the American practise of house-swappin...
Is time running out to secure a mortgage?
For those on the fringes of affordability time could be running out to secure a mortgage. There are ...
Average UK house price in August 2014 was £274,000 says ONS
UK average house prices increased by 11.7% over the year to August 2014, unchanged from an increase ...

Posted by on April 11, 2012.

Tags: , , , , , , ,

Categories: House Price Index

« | »




Recent Posts


Pages



About Just Do Property

About Us   You need to upgrade your Flash Player. Run by dynamic husband and wife team, Julie and Alec Hanson, justdoproperty.co.uk offers a one-stop online portal for everything property-related. Packed with guidance, support, ideas and products on how to build a property portfolio, justdoproperty.co.uk simply removes the need for tedious web surfing and research. […]more →