18 Jan

Rics: Housing market remained stable in December

Rics: Housing market remained stable in December

People looking for houses for sale in the UK have been told that the property market remained stable during December 2010.

According to the Royal Institution of Chartered Surveyors' (Rics) December UK Housing Market Survey, the level of completed property sales stabilised at the end of last year.

The report found that during the third quarter of 2010, the average number of completed sales per surveyor was 15.2, up from 14.8 during the previous quarter.

This result comes despite the adverse weather conditions in November and December, which meant that estate agents saw fewer potential buyers during this period.

Rics spokesman Jeremy Leaf said that in spite of the bad weather "sales levels have remained stable".

He added: "Surveyor sentiment does appear more positive for the coming months."

Last month, Rics predicted that the market will stabilise during the first half of the year, with a lack of supply preventing a significant drop in prices.ADNFCR-1222-ID-800349457-ADNFCR

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