RICS sees increase in property sales

According to RICS, house sales are on a high.

The Royal Institute of Chartered Surveyors report homes sold per surveyor has hit a six year high, the higher volume driven by an easing of credit conditions, the Help to Buy Scheme and improved consumer confidence.

The RICS Residential Market Survey reported the average number of transactions seen by its surveyors reached 21.3.

“Growing availability of affordable mortgages has released some pent-up demand from a market that, in recent years, has seen many viable buyers unable to enter the market,” said Peter Bolton-King director at RICS. “On the face of it, this seems like good news but unless we see a marked increase in the number of homes coming up for sale we could well be looking at a price rises becoming unsustainable in some areas.”

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