10 Feb

Potential buyer enquiries rising, figures show

Potential buyer enquiries rising, figures show

Interest among potential buyers rose for the third consecutive month in January, the Royal Institution of Chartered Surveyors (RICS) has revealed.

According to the body, actual housing market transactions are at their lowest point since 1978, but enquiries from prospective purchasers are up.

Of its members, 16 per cent more reported an increase in interest than a decrease and surveyors are optimistic that sales will rise as a result.

RICS spokesperson Jeremy Leaf suggested that buyers are keen to pick up bargains in the current climate, stating: "This interest has yet to translate into sales but transactions may pick up in the coming months. The latest cut in interest rates may improve confidence for those on the margins."

Chartered surveyors in London were found to be particularly expectant of a rise in sales, with the balance of those who are optimistic up from 18 per cent to 38 per cent.

Meanwhile, London mayor Boris Johnson has announced an agreement with 14 of the capital's boroughs to provide more than 16,750 affordable homes.
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