We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
House sales at highest level since June 2010, says RICS
IveSeenTheLight
Posts: 13,322 Forumite
from http://www.moneysavingexpert.com/news/mortgages/2013/03/house-sales-highest-level-since-june-2010-says-rics
UK house sales reached their highest level in more than two and-a-half years last month as confidence continued to return to the market, surveyors said today.
Surveyors sold an average of just under 17 homes in the three months to February, marking the highest volume of sales recorded since June 2010, according to the Royal Institution of Chartered Surveyors (RICS).
The sales uplift is predicted to continue into spring, with a balance of 8% more surveyors expecting transactions to increase rather than fall back over the next three months.
A balance of 1% more surveyors also reported rises in the number of homes coming onto the market, although the number of properties available for sale remains at "historically low levels".
Rising prices
Prices remained broadly flat, with 6% more surveyors saying prices had dipped rather than increased, continuing a trend seen since last autumn.
However, the jump in sales has fuelled expectations that house prices are set to increase in the next year, soaring to a three-year high, the study found.
Surveyors' expectations for house prices in the next 12 months increased to the highest level since they started being monitored in February 2010.Peter Bolton King, RICS global residential director, says: "It's encouraging to see that the housing market now appears to be picking up across most parts of the UK despite ongoing concerns about the health of the economy.
"However, even with activity running at its best level since the middle of 2010, it is still well down on its pre-crisis norm."
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:
0
Comments
-
Also shown here
http://www.bbc.co.uk/news/business-21743047:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
"Prices remained broadly flat, with 6% more surveyors saying prices had dipped rather than increased, continuing a trend seen since last autumn."
Good news.
The best of both worlds, broadly flat prices, but increased activity. I think this is exactly what we need right now (and for the near future).30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Yep, perfectly happy for more people to get in at lower prices!0
-
Graham_Devon wrote: »Yep, perfectly happy for more people to get in at lower prices!
Or at prices they can afford, without expecting future buyers to have to pay a lot more for similar property.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Graham_Devon wrote: »Yep, perfectly happy for more people to get in at lower prices!
The report states, for England and Wales, that....
15% show prices falling, most very marginally.
67% show prices stable.
18% show prices rising.
Leaving a headline price balance of +3 for England and Wales.
So your statement appears to be incorrect Graham.
More are getting in a higher prices than lower prices. And most are getting in at the same price.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Not sure I see the point in looking at these reports for price information when you have far more reliable HPI's.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
-
biggest selling quarter since the april to june 2010?
WOW.
this must mean even higher than the golden quarter leading up to june 2011, when estate agents were the new rock stars, every homeowner luxuriating in rockefeller-like riches.FACT.0 -
the_flying_pig wrote: »biggest selling quarter since the april to june 2010?
WOW.
this must mean even higher than the golden quarter leading up to june 2011, when estate agents were the new rock stars, every homeowner luxuriating in rockefeller-like riches.
That was the era of green shoots and new prosperity if I recall correctly. The cusp of a boom.0 -
Graham_Devon wrote: »Yep, perfectly happy for more people to get in at lower prices!
More reliable indicators show that these buyers will likely have paid more for their properties rather than less.
Can't help thinking that increasing numbers of people being willing to pay a higher price for a house is another indicator of an improving economy.0 -
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards