23 Dec

Home sales to increase throughout 2012

Home sales to increase throughout 2012

Property prices may sit more or less level over the next year, but the amount of homes sold over the year will increase as people look to get themselves onto the property ladder.

The number of completed sales will sit at around 880,000, a marked increase on this year, and back to the levels recorded last year. However, this is still considerably lower than 1.67 million at the market peak in 2006, according to the Royal Institute of Chartered Surveyors (Rics).

Rics chief economist, Simon Rubinsohn, said: "The general economic climate is likely to be the biggest influence on the residential property market next year. Prices could edge a little lower as unemployment continues to rise."

Unemployment is predicted to be one of the factors which drives the downside of the market most for those looking for property for sale in Southampton, and last week the Office for National Statistics said that unemployment was at its highest level for 17 years.ADNFCR-1222-ID-801248518-ADNFCR

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