The January 2013 Housing Market Survey from RICS reports some positive signs in the UK market.
The January 2013 Housing Market Survey from RICS reports some positive signs in the UK market.
Key highlights:
- Price balance remains stable
- whilst transactions increased, new buyer
enquires and new instructions dipped slightly - price outlook continues to improve in 2013
- Regional price picture still fragmented – London and South East lead the way
The headline price balance retracted slightly to -4 from -1. This means that 4% more surveyors saw a falling rather than rising price over the last three months.
London continues to outperform the other regions with an above 50 monthly balance and 3 month average around 48. The Sout East is the only other region at odds with the other regions, albeit at the lower 11.
Wales however has just started to buck the trending just this month with a price balance of 11, although the three month average is still negative.
The bad weather depressed new buyer enquiries and new instructions in January, with both recording slight falls. However, newly agreed sales volumes continued to trend upwards in January, with the net balance recording its fourth consecutive positive reading. Additionally, sales per surveyor also increased by 3%, rising to 15.9.
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