12 Feb

House sales numbers up but prices still dip

House sales numbers up but prices still dip

The number of homes being sold in the UK during the early part of 2013 has seen a rise, but estate agents and sellers are still finding uncertainty as prices continue to see small dips across the country.

According to the latest market survey from the Royal Institute of Chartered Surveyors (Rics), a net balance of 15 per cent of all agents said that they had seen an increase in activity during the first month of the year.

This is in keeping with the report from the organisation at the end of 2012, when it said that there had been an increase in enquiries about homes, particularly from first-time buyers, throughout December.

It was not all good news in January though, with prices predicted to have seen a slight fall or remained broadly the same as they were at the end of last year. A net balance of four per cent of Rics agents believed that they had seen falls rather than rises in price throughout January.

Peter Bolton King, RICS Global Residential Director, said: "Price falls across the UK have gradually stemmed in recent months and it is interesting to see that the amount of completed transactions are on the rise, as confidence returns to the marketplace. While it is still very early days to talk about a comprehensive market recovery, activity levels are still encouraging and there is some optimism out there that things could continue to improve."ADNFCR-1222-ID-801538625-ADNFCR

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