10 Jun

New buyer enquiries 'on the up'

New buyer enquiries 'on the up'

New property buyer enquiries increased in May, according to the Royal Institution of Chartered Surveyors (RICS).

The latest research from the organisation indicates that 48 per cent of chartered surveyors reported a rise rather than a fall in these queries.

Moreover, the average number of homes sold in the last three months increased to 11.8 - up on the previously reported figure of 10.6.

It comes a few days after the Agency Express Property Activity Index was published, which suggested that more people sold their homes in May than at any other time in the last year.

RICS spokesperson Ian Perry said that the housing market has picked up in a "material way" in recent times.

Some of the obstacles for the housing sector to overcome in the forthcoming period include the uncertain economic backdrop and rising unemployment.

Meanwhile, recent National Association of Estate Agent figures indicated that confidence among first-time buyers has grown in the last few months.

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