• From This is Money:

    And 29% of surveyors expect sales to increase, with the same numbers now expecting prices to fall as to rise in the coming months.

    However, lenders warned that the monthly total was still less than half the average number of June mortgages seen over the past seven years.
    Both Halifax and Nationwide have showed prices rising over the last three months.

    Rics today put down surveyors’ optimism to the ongoing rise in interest from potential buyers: new inquiries rose for the ninth month in a row in July. Moreover, the average respondent reported an increase in properties sold – 15 during the three months to July – for the fourth consecutive month.

    Rics spokesman Jeremy Leaf said: ‘Although demand for property is continuing to rebound, it still remains low from a historical perspective. Crucially it is the lack of supply that is helping to underpin prices at the present time.’…

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    Posted by Jon @ 11:59 pm

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