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Pessimistic housing market showing signs of lifting.

The RICS February 2012 UK Housing Market Survey has reported that expectations for future house prices were more optimistic during February and transaction levels continued to edge upwards.

Key findings:

Alan Collett, RICS housing spokesperson, commented:

“With the recent upturn in activity brought on by the end of the stamp duty holiday, it seems that a renewed sense of optimism may be slowly returning to the property market. Chartered surveyors’ price predictions were more optimistic in almost every area of the country in February.

“However, with affordable mortgage finance still out of reach for many potential first time buyers, it remains to be seen whether the more optimistic outlook for future sales can be sustained beyond the expiry of the stamp duty holiday.”

Alec Hanson

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Posted by on March 14, 2012.

Categories: RICS House Price Balance

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