6 Apr

Buyer enquiries to keep rising, says economist

Buyer enquiries to keep rising, says economist

The recent trend for the number of buyer enquiries to rise is set to continue, an expert has said.

Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors, suggested the effect of rising unemployment may have some effect in holding back the trend, but added: "It may well be offset by the fact that interest rates are now so low."

Prices could also be a crucial factor, he noted, remarking: "There are some decent deals to be had and that will probably be the fact that underpins the market."

However, he cautioned, it is currently "premature" to be talking about prices rising.

Last week saw two house price polls giving different messages about the state of the market.

Nationwide's figures for March showed a 0.9 per cent rise, whereas Halifax indicated a 1.9 per cent drop.

However, the fall recorded by Halifax compared favourably with the 2.3 per cent dip in February.

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