13 Mar

House price optimism on the rise

House price optimism on the rise

The optimism which people have for the property market in the UK is set to rise again, as estate agents also see a rise in activity.

According to the latest data from the Royal Institution of Chartered Surveyors (RICS), the number of people who expected to see house prices rise is the same as those who predict a fall, the best figure since May 2010.

It has also reported a four per cent monthly increase in the number of transactions handled by each branch it covers, the best result since September of 2010.

Alan Collett, RICS housing spokesperson, said: "With the recent upturn in activity brought on by the end of the stamp duty holiday, it seems that a renewed sense of optimism may be slowly returning to the property market."

Schemes like NewBuy and FirstBuy may help first-time buyers give the property market a boost this year, as the amount of deposit required falls.ADNFCR-1222-ID-801316820-ADNFCR

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