19 Feb

Estate agents in London see property prices rise, survey shows

Estate agents in London see property prices rise, survey shows

The Royal Institution of Chartered Surveyors (RICS) has published its latest housing market survey, which found that property prices in London rose in January 2010.

According to the organisation, 65 per cent of its members in the capital reported house price increases in the first month of this year, compared with 62 per cent in December 2009.

However, RICS reported a fall in the level of new buyer enquiries, although it largely attributed this to the bad weather experienced by much of the UK in the first few weeks of the year.

Respondents to the monthly survey also demonstrated increased optimism about the state of the housing market, with 46 per cent anticipating house price rises, compared with 16 per cent a month earlier.

Across the UK as a whole, 32 per cent of chartered surveyors claimed that property values were rising rather than falling in January, compared with the previous month's figure of 30 per cent.ADNFCR-1222-ID-19626317-ADNFCR

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